Media stories about PriceSmart (NASDAQ:PSMT) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. PriceSmart earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.6602337347773 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
Shares of PriceSmart opened at $83.00 on Monday, according to Marketbeat. PriceSmart has a 1 year low of $77.50 and a 1 year high of $93.55. The company has a market cap of $2.52 billion, a P/E ratio of 27.85 and a beta of 1.19. The company has a current ratio of 1.42, a quick ratio of 0.54 and a debt-to-equity ratio of 0.11.
PriceSmart (NASDAQ:PSMT) last announced its earnings results on Thursday, April 5th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.30. PriceSmart had a net margin of 2.45% and a return on equity of 12.29%. The firm had revenue of $839.56 million for the quarter, compared to analyst estimates of $832.43 million. During the same quarter last year, the business earned $0.90 earnings per share. sell-side analysts anticipate that PriceSmart will post 3.2 earnings per share for the current year.
PSMT has been the topic of several research reports. Zacks Investment Research lowered shares of PriceSmart from a “buy” rating to a “strong sell” rating in a research report on Thursday, March 1st. Scotiabank restated a “sector perform” rating and set a $90.00 target price on shares of PriceSmart in a research report on Thursday, March 8th. BidaskClub upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Finally, ValuEngine lowered shares of PriceSmart from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. PriceSmart has an average rating of “Hold” and an average price target of $92.50.
In other PriceSmart news, Director Sherry S. Bahrambeygui sold 15,000 shares of PriceSmart stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $88.20, for a total value of $1,323,000.00. Following the transaction, the director now owns 126,405 shares in the company, valued at approximately $11,148,921. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert E. Price sold 10,000 shares of PriceSmart stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $82.08, for a total transaction of $820,800.00. Following the completion of the transaction, the director now owns 80 shares in the company, valued at approximately $6,566.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,433 shares of company stock worth $3,371,358. 28.00% of the stock is owned by company insiders.
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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