PriceSmart (PSMT) Earns Coverage Optimism Score of 0.22

Media stories about PriceSmart (NASDAQ:PSMT) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PriceSmart earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.8884329414816 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have effected Accern’s rankings:

A number of research analysts have commented on the company. Scotiabank set a $90.00 target price on PriceSmart and gave the company a “sector perform” rating in a research note on Thursday, February 8th. BidaskClub cut PriceSmart from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. 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 report on Saturday, January 13th. ValuEngine raised PriceSmart from a “sell” rating to a “hold” rating in a research report on Friday, March 23rd. Finally, Ifs Securities raised PriceSmart from a “market perform” rating to an “outperform” rating in a research report on Friday, December 29th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $92.50.

Shares of PSMT stock traded up $0.65 during trading hours on Thursday, hitting $83.55. The company had a trading volume of 142,857 shares, compared to its average volume of 188,971. PriceSmart has a 12 month low of $77.50 and a 12 month high of $94.00. The firm has a market cap of $2,490.05, a P/E ratio of 28.81 and a beta of 1.30. The company has a current ratio of 1.39, a quick ratio of 0.44 and a debt-to-equity ratio of 0.11.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Thursday, January 4th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.08). The company had revenue of $767.10 million during the quarter, compared to the consensus estimate of $764.67 million. PriceSmart had a net margin of 2.92% and a return on equity of 12.61%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 earnings per share. sell-side analysts forecast that PriceSmart will post 3.2 EPS for the current year.

The firm also recently declared 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 yield of 0.8%. PriceSmart’s dividend payout ratio (DPR) is presently 24.14%.

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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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