PriceSmart (NASDAQ:PSMT) Releases Earnings Results, Misses Estimates By $0.06 EPS

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

PriceSmart Stock Performance

NASDAQ PSMT traded up $2.16 during trading hours on Monday, hitting $173.11. The company had a trading volume of 338,569 shares, compared to its average volume of 248,788. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.53 and a current ratio of 1.28. PriceSmart has a 1-year low of $111.68 and a 1-year high of $199.84. The company has a market cap of $5.34 billion, a PE ratio of 33.23 and a beta of 0.73. The business has a 50 day moving average of $171.54 and a 200-day moving average of $173.85.

Insider Activity

In other news, EVP Francisco Velasco sold 338 shares of the business’s 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 sale, the executive vice president directly owned 75,321 shares of the company’s stock, valued at approximately $13,397,346.27. The trade was a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherry S. Bahrambeygui sold 3,499 shares of the business’s 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 sale, the director directly owned 32,150 shares of the company’s stock, valued at $6,345,767. The trade was a 9.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 6,937 shares of company stock worth $1,349,392. Corporate insiders own 17.00% of the company’s stock.

Wall Street Analyst Weigh In

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

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.