PriceSmart (NASDAQ:PSMT) Announces Quarterly Earnings Results, Misses Estimates By $0.22 EPS

PriceSmart (NASDAQ:PSMT) posted its quarterly earnings results on Wednesday. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22), Zacks reports. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the business earned $1.24 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis.

PriceSmart Price Performance

Shares of NASDAQ PSMT opened at $93.45 on Friday. PriceSmart has a fifty-two week low of $72.30 and a fifty-two week high of $99.23. The company has a quick ratio of 0.45, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.87 billion, a PE ratio of 20.45 and a beta of 0.86. The business has a 50 day moving average price of $91.26 and a two-hundred day moving average price of $88.61.

Insider Buying and Selling

In other PriceSmart news, EVP David R. Price sold 2,750 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $92.24, for a total transaction of $253,660.00. Following the sale, the executive vice president now owns 48,844 shares in the company, valued at $4,505,370.56. This represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul Kovaleski sold 3,235 shares of PriceSmart stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $89.96, for a total value of $291,020.60. Following the completion of the transaction, the executive vice president now owns 44,309 shares of the company’s stock, valued at approximately $3,986,037.64. The trade was a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,463 shares of company stock worth $1,400,727. Insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of PriceSmart from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th.

PriceSmart Company Profile

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.