PriceSmart (NASDAQ:PSMT) Announces Earnings Results

PriceSmart (NASDAQ:PSMT) announced its quarterly earnings results on Monday. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06), FiscalAI reports. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.46 billion. PriceSmart had a net margin of 2.82% and a return on equity of 12.16%.

PriceSmart Price Performance

PSMT stock traded up $2.16 during trading on Monday, hitting $173.11. 338,025 shares of the company’s stock traded hands, compared to its average volume of 248,484. PriceSmart has a 52 week low of $111.68 and a 52 week high of $199.84. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 33.23 and a beta of 0.73. The business has a fifty day simple moving average of $171.54 and a 200 day simple moving average of $173.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.53 and a current ratio of 1.28.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PSMT shares. Jefferies Financial Group restated a “buy” rating and set a $198.00 price objective on shares of PriceSmart in a research report on Wednesday, August 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of PriceSmart in a research report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, PriceSmart has an average rating of “Buy” and a consensus price target of $198.00.

Insider Transactions at PriceSmart

In related news, Director Sherry S. Bahrambeygui sold 3,499 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $197.38, for a total value of $690,632.62. Following the completion of the transaction, the director owned 32,150 shares of the company’s stock, valued at approximately $6,345,767. This trade represents a 9.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Francisco Velasco sold 338 shares of PriceSmart stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $177.87, for a total value of $60,120.06. Following the completion of the transaction, the executive vice president owned 75,321 shares of the company’s stock, valued at approximately $13,397,346.27. This represents a 0.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 6,937 shares of company stock worth $1,349,392. Insiders own 17.00% of the company’s stock.

PriceSmart Company Profile

PriceSmart, Inc operates membership warehouse clubs serving consumers and businesses in Latin America and the Caribbean. The company offers a broad selection of products at value-oriented prices, including groceries, fresh foods, beverages, household supplies, apparel, appliances, electronics, furniture and other general merchandise.

Through its warehouse clubs and digital commerce platforms, PriceSmart provides shopping and delivery options designed for both individual members and small businesses.