Equities analysts predict that PriceSmart, Inc. (NASDAQ:PSMT) will post earnings of $0.69 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for PriceSmart’s earnings. PriceSmart posted earnings per share of $0.62 in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.3%. The company is expected to report its next quarterly earnings report after the market closes on Thursday, July 5th.
On average, analysts expect that PriceSmart will report full-year earnings of $3.20 per share for the current year. For the next year, analysts anticipate that the firm will report earnings of $3.67 per share. Zacks’ EPS calculations are an average based on a survey of research firms that follow PriceSmart.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Thursday, April 5th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.74 by $0.30. PriceSmart had a net margin of 2.45% and a return on equity of 12.29%. The business had revenue of $839.56 million for the quarter, compared to analysts’ expectations of $832.43 million. During the same period in the previous year, the company posted $0.90 EPS.
Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a report on Friday. ValuEngine cut shares of PriceSmart from a “hold” rating to a “sell” rating in a report on Monday, May 14th. Finally, Zacks Investment Research upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $92.50.
PriceSmart stock opened at $92.80 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.54 and a current ratio of 1.42. PriceSmart has a 12 month low of $77.50 and a 12 month high of $93.60. The firm has a market cap of $2.81 billion, a PE ratio of 31.99 and a beta of 1.19.
In related news, Director Robert E. Price sold 10,000 shares of the company’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $89.04, for a total value of $890,400.00. Following the completion of the sale, the director now directly owns 80 shares in the company, valued at $7,123.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sherry S. Bahrambeygui sold 15,000 shares of the company’s stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $88.20, for a total transaction of $1,323,000.00. Following the completion of the sale, the director now owns 126,405 shares of the company’s stock, valued at $11,148,921. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,433 shares of company stock worth $5,111,458. 28.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of PSMT. SG Americas Securities LLC bought a new stake in PriceSmart in the fourth quarter worth $186,000. Guggenheim Capital LLC bought a new stake in PriceSmart in the fourth quarter worth $203,000. Ellington Management Group LLC bought a new stake in PriceSmart in the fourth quarter worth $232,000. Xact Kapitalforvaltning AB bought a new stake in PriceSmart in the fourth quarter worth $246,000. Finally, Millennium Management LLC bought a new stake in PriceSmart in the fourth quarter worth $337,000. Hedge funds and other institutional investors own 77.88% of the company’s stock.
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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