PriceSmart (NASDAQ:PSMT) Announces Quarterly Earnings Results

PriceSmart (NASDAQ:PSMT - Get Free Report) posted its earnings results on Wednesday. The company reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.07), Briefing.com reports. PriceSmart had a net margin of 2.60% and a return on equity of 11.89%. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period last year, the business earned $0.65 earnings per share. The company's quarterly revenue was up 9.6% on a year-over-year basis.

PriceSmart Stock Performance

Shares of PriceSmart stock traded down $6.23 during trading on Thursday, reaching $83.08. The company's stock had a trading volume of 307,248 shares, compared to its average volume of 149,228. The firm has a market cap of $2.55 billion, a PE ratio of 18.18 and a beta of 0.84. The company has a 50-day moving average price of $90.01 and a two-hundred day moving average price of $85.57. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09. PriceSmart has a fifty-two week low of $61.82 and a fifty-two week high of $94.82.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded PriceSmart from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 9th.

Insiders Place Their Bets

In other news, EVP Francisco Velasco sold 827 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $91.03, for a total transaction of $75,281.81. Following the completion of the sale, the executive vice president now owns 84,385 shares in the company, valued at approximately $7,681,566.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 18.60% of the stock is currently owned by insiders.

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.