PriceSmart (NASDAQ:PSMT) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

PriceSmart (NASDAQ:PSMT) announced its earnings results on Wednesday. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.24 by $0.07, Briefing.com reports. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis.

PriceSmart Stock Down 0.6 %

PSMT opened at $80.07 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.50. The company’s 50-day moving average is $81.54 and its 200 day moving average is $75.59. PriceSmart has a fifty-two week low of $61.82 and a fifty-two week high of $86.90. The firm has a market capitalization of $2.45 billion, a P/E ratio of 20.12 and a beta of 0.92.

PriceSmart Dividend Announcement

The company also recently declared a None dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, April 18th. PriceSmart’s payout ratio is currently 29.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PSMT shares. TheStreet upgraded PriceSmart from a “c+” rating to a “b-” rating in a report on Tuesday, January 30th. StockNews.com raised shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th.

Institutional Trading of PriceSmart

Several hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new stake in shares of PriceSmart in the first quarter valued at approximately $37,000. Tower Research Capital LLC TRC grew its stake in PriceSmart by 80.3% during the first quarter. Tower Research Capital LLC TRC now owns 759 shares of the company’s stock valued at $54,000 after acquiring an additional 338 shares in the last quarter. Point72 Asset Management L.P. grew its stake in PriceSmart by 358.3% during the fourth quarter. Point72 Asset Management L.P. now owns 1,100 shares of the company’s stock valued at $83,000 after acquiring an additional 860 shares in the last quarter. Lazard Asset Management LLC purchased a new position in PriceSmart during the second quarter valued at approximately $87,000. Finally, Steward Partners Investment Advisory LLC grew its stake in PriceSmart by 148.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,649 shares of the company’s stock valued at $100,000 after acquiring an additional 984 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.