News coverage about PriceSmart (NASDAQ:PSMT) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PriceSmart earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.9105289760237 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
Shares of PriceSmart stock opened at $88.75 on Thursday. PriceSmart has a one year low of $77.50 and a one year high of $93.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.54 and a current ratio of 1.42. The stock has a market cap of $2,701.17, a P/E ratio of 29.78 and a beta of 1.22.
PriceSmart (NASDAQ:PSMT) last announced its earnings results on Thursday, April 5th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.74 by $0.30. PriceSmart had a return on equity of 12.29% and a net margin of 2.45%. The company had revenue of $839.56 million for the quarter, compared to analyst estimates of $832.43 million. During the same quarter in the prior year, the company earned $0.90 EPS. equities research analysts expect that PriceSmart will post 3.2 earnings per share for the current fiscal year.
The firm also recently announced a semiannual dividend, which will be paid on Friday, August 31st. Investors of record on Wednesday, August 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a dividend yield of 0.8%. PriceSmart’s payout ratio is 23.49%.
Several brokerages have recently weighed in on PSMT. BidaskClub cut PriceSmart from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Scotiabank set a $90.00 price target on PriceSmart and gave the company a “sector perform” rating in a research note on Thursday, February 8th. Zacks Investment Research raised PriceSmart from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Saturday, January 13th. ValuEngine raised PriceSmart from a “sell” rating to a “hold” rating in a research note on Friday, March 23rd. Finally, Ifs Securities raised PriceSmart from a “market perform” rating to an “outperform” rating in a research note on Friday, December 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $92.50.
In other PriceSmart news, EVP John D. Hildebrandt sold 517 shares of the stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $87.68, for a total value of $45,330.56. Following the transaction, the executive vice president now owns 16,209 shares in the company, valued at $1,421,205.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sherry S. Bahrambeygui sold 15,000 shares of the stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $88.20, for a total value of $1,323,000.00. Following the completion of the transaction, the director now owns 126,405 shares in the company, valued at approximately $11,148,921. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,892 shares of company stock worth $1,758,324. 28.00% of the stock is owned by corporate insiders.
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PriceSmart Company Profile
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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