News stories about PriceSmart (NASDAQ:PSMT) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. PriceSmart earned a news impact score of 0.15 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.5325686860151 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities research analysts have recently commented on the company. BidaskClub downgraded PriceSmart from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Zacks Investment Research upgraded PriceSmart from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, ValuEngine upgraded PriceSmart from a “sell” rating to a “hold” rating in a report on Friday, March 23rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. PriceSmart has an average rating of “Hold” and a consensus price target of $92.50.
Shares of PriceSmart opened at $92.80 on Monday, Marketbeat reports. The company has a quick ratio of 0.54, a current ratio of 1.42 and a debt-to-equity ratio of 0.11. PriceSmart has a 12-month low of $77.50 and a 12-month high of $93.60. The firm has a market cap of $2.82 billion, a P/E ratio of 31.14 and a beta of 1.19.
PriceSmart (NASDAQ:PSMT) last issued its earnings results on Thursday, April 5th. The company reported $1.04 earnings per share for the quarter, topping the 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 company had revenue of $839.56 million for the quarter, compared to analyst estimates of $832.43 million. During the same period in the prior year, the business posted $0.90 earnings per share. equities analysts anticipate that PriceSmart will post 3.2 EPS for the current year.
In other PriceSmart news, Director Robert E. Price sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $82.08, for a total value of $820,800.00. Following the sale, the director now owns 80 shares of the company’s stock, valued at $6,566.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jose Luis Laparte sold 8,446 shares of the company’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $83.10, for a total transaction of $701,862.60. Following the completion of the sale, the chief executive officer now directly owns 196,087 shares in the company, valued at approximately $16,294,829.70. The disclosure for this sale can be found here. Insiders have sold 59,433 shares of company stock worth $5,111,458 over the last 90 days. 28.00% of the stock is currently 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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