PriceSmart (NASDAQ:PSMT) Announces Quarterly Earnings Results

PriceSmart (NASDAQ:PSMT - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $1.45 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by ($0.06), Zacks reports. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The firm's revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.31 earnings per share.

PriceSmart Stock Up 2.8 %

Shares of NASDAQ:PSMT traded up $2.54 during midday trading on Monday, hitting $94.28. 240,119 shares of the company's stock traded hands, compared to its average volume of 182,785. The firm's fifty day moving average price is $87.99 and its two-hundred day moving average price is $90.00. The company has a market cap of $2.89 billion, a PE ratio of 20.77 and a beta of 0.87. PriceSmart has a twelve month low of $77.51 and a twelve month high of $99.23. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.43 and a current ratio of 1.26.

PriceSmart Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.63 per share. The ex-dividend date was Tuesday, February 18th. PriceSmart's dividend payout ratio (DPR) is presently 26.92%.

Insider Transactions at PriceSmart

In related news, EVP Francisco Velasco sold 555 shares of the firm's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $90.42, for a total transaction of $50,183.10. Following the completion of the sale, the executive vice president now directly owns 79,008 shares of the company's stock, valued at approximately $7,143,903.36. This trade represents a 0.70 % 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 Gordon H. Hanson sold 1,107 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $87.22, for a total transaction of $96,552.54. Following the completion of the transaction, the director now owns 6,862 shares in the company, valued at $598,503.64. This represents a 13.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,162 shares of company stock valued at $1,930,402 over the last quarter. Company insiders own 17.10% of the company's stock.

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Analyst Ratings Changes

Separately, StockNews.com upgraded shares of PriceSmart from a "hold" rating to a "buy" rating in a research report on Monday, March 10th.

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.