PriceSmart (NASDAQ:PSMT) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS

PriceSmart (NASDAQ:PSMT) announced its quarterly earnings data on Wednesday. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.07), Briefing.com reports. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. PriceSmart had a return on equity of 12.76% and a net margin of 2.83%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS.

PriceSmart Trading Up 2.9 %

Shares of PriceSmart stock opened at $85.45 on Friday. The firm has a market capitalization of $2.62 billion, a PE ratio of 18.70 and a beta of 0.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49. The company’s fifty day moving average price is $89.95 and its two-hundred day moving average price is $85.55. PriceSmart has a 52-week low of $64.41 and a 52-week high of $94.82.

Insider Buying and Selling at PriceSmart

In other news, EVP Francisco Velasco sold 827 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $91.03, for a total value of $75,281.81. Following the sale, the executive vice president now owns 84,385 shares of the company’s stock, valued at approximately $7,681,566.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 18.60% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a report on Thursday.

About PriceSmart

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.