PriceSmart (NASDAQ:PSMT) posted its quarterly earnings data on Thursday. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.30, Fidelity Earnings reports. The firm had revenue of $839.56 million during the quarter, compared to analysts’ expectations of $832.43 million. PriceSmart had a net margin of 2.45% and a return on equity of 12.38%. During the same quarter last year, the company posted $0.90 EPS.
PSMT opened at $88.23 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $2,544.51, a price-to-earnings ratio of 28.94 and a beta of 1.22. PriceSmart has a 1-year low of $77.50 and a 1-year high of $93.55.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, August 31st. Shareholders of record on Wednesday, August 15th will be given a $0.35 dividend. This represents a yield of 0.8%. The ex-dividend date is Tuesday, August 14th. PriceSmart’s payout ratio is presently 23.49%.
Several equities research analysts have weighed in on PSMT shares. Ifs Securities upgraded shares of PriceSmart from a “market perform” rating to an “outperform” rating in a research report on Friday, December 29th. Scotiabank restated a “sector perform” rating on shares of PriceSmart in a research report on Tuesday, January 9th. BidaskClub cut shares of PriceSmart from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. Zacks Investment Research upgraded shares of PriceSmart from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Saturday, January 13th. Finally, Howard Weil cut shares of PriceSmart from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 5th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $92.50.
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PriceSmart, Inc owns and operates the U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The company's warehouse clubs offer brand name and private label consumer goods to individuals and businesses. As of October 26, 2017, it operated 40 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 in Trinidad; 3 each in Guatemala, Honduras, and the Dominican Republic; 2 in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.
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