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PriceSmart (PSMT) Set to Announce Quarterly Earnings on Wednesday

PriceSmart logo with Retail/Wholesale background

PriceSmart (NASDAQ:PSMT - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.01 per share for the quarter.

PriceSmart Trading Down 0.4 %

PSMT stock traded down $0.34 during midday trading on Wednesday, hitting $92.06. 132,034 shares of the company's stock were exchanged, compared to its average volume of 149,333. PriceSmart has a 1-year low of $61.82 and a 1-year high of $94.82. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.82 billion, a PE ratio of 22.34 and a beta of 0.84. The business has a 50-day simple moving average of $89.46 and a two-hundred day simple moving average of $85.23.

Insider Activity at PriceSmart

In related news, EVP Francisco Velasco sold 827 shares of the firm's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $91.03, for a total value of $75,281.81. Following the sale, the executive vice president now owns 84,385 shares of the company's stock, valued at $7,681,566.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 18.60% of the company's stock.

Analyst Ratings Changes

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

Get Our Latest Stock Report on PSMT

PriceSmart Company Profile

(Get Free Report)

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.

See Also

Earnings History for PriceSmart (NASDAQ:PSMT)

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