PriceSmart (PSMT) Earns Daily News Impact Rating of 0.04
Media stories about PriceSmart (NASDAQ:PSMT) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PriceSmart earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news articles about the company an impact score of 44.2865446333914 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities research analysts recently issued reports on the company. Roth Capital reissued a “buy” rating and set a $100.00 price objective on shares of PriceSmart in a research note on Monday, October 2nd. TheStreet raised PriceSmart from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Zacks Investment Research lowered PriceSmart from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Finally, Ifs Securities assumed coverage on PriceSmart in a research note on Monday, September 25th. They set a “market perform” rating and a $85.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. PriceSmart currently has an average rating of “Hold” and an average target price of $92.50.
PriceSmart (NASDAQ PSMT) traded up $1.55 during trading hours on Monday, reaching $86.20. The company had a trading volume of 132,110 shares, compared to its average volume of 118,806. The company has a market capitalization of $2,573.42, a price-to-earnings ratio of 28.41 and a beta of 1.31. PriceSmart has a 12 month low of $78.00 and a 12 month high of $94.00. The company has a quick ratio of 0.55, a current ratio of 1.40 and a debt-to-equity ratio of 0.12.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.09). The business had revenue of $733.50 million for the quarter, compared to the consensus estimate of $733.64 million. PriceSmart had a net margin of 3.03% and a return on equity of 13.32%. PriceSmart’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. equities analysts predict that PriceSmart will post 3.2 earnings per share for the current year.
In related news, Director Sherry S. Bahrambeygui sold 16,200 shares of PriceSmart stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $81.55, for a total transaction of $1,321,110.00. Following the completion of the sale, the director now owns 125,813 shares of the company’s stock, valued at $10,260,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Hildebrandt sold 1,614 shares of PriceSmart stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $83.47, for a total value of $134,720.58. Following the sale, the executive vice president now directly owns 17,237 shares of the company’s stock, valued at approximately $1,438,772.39. The disclosure for this sale can be found here. Insiders have sold 44,997 shares of company stock valued at $3,683,782 in the last three months. 28.00% of the stock is owned by corporate insiders.
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PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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