PriceSmart (NASDAQ:PSMT) announced its quarterly earnings results on Wednesday. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.22, MarketWatch Earnings reports. PriceSmart had a return on equity of 9.67% and a net margin of 2.37%. The company had revenue of $877.43 million during the quarter, compared to analysts’ expectations of $837.37 million. During the same period in the prior year, the company earned $0.64 EPS. PriceSmart’s revenue was up 8.1% compared to the same quarter last year.
PSMT traded up $1.97 during trading on Friday, hitting $99.26. The company’s stock had a trading volume of 5,219 shares, compared to its average volume of 147,012. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.14. PriceSmart has a one year low of $41.15 and a one year high of $97.96. The firm has a market cap of $3.05 billion, a PE ratio of 38.91 and a beta of 0.90. The business’s 50 day simple moving average is $87.04 and its 200-day simple moving average is $72.12.
A number of research analysts have recently commented on PSMT shares. BidaskClub upgraded PriceSmart from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 15th. TheStreet upgraded PriceSmart from a “c+” rating to a “b-” rating in a research note on Thursday, October 22nd.
In other news, Director Robert E. Price sold 8,680 shares of the firm’s stock in a transaction on Thursday, December 10th. The shares were sold at an average price of $86.85, for a total transaction of $753,858.00. Following the sale, the director now directly owns 80 shares in the company, valued at approximately $6,948. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Philanthropies Foundatio Price sold 10,388 shares of the firm’s stock in a transaction on Tuesday, January 5th. The shares were sold at an average price of $93.00, for a total transaction of $966,084.00. Following the sale, the insider now owns 4,123,648 shares in the company, valued at $383,499,264. The disclosure for this sale can be found here. Insiders sold 55,945 shares of company stock worth $4,922,988 over the last quarter. Insiders own 27.10% of the company’s stock.
PriceSmart Company Profile
PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sell brand name and private label consumer products and provide services, such as optical and tires to individuals and businesses. As of December 04, 2020, the company operated 47 warehouse clubs.
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