PriceSmart (PSMT) Projected to Post Earnings on Wednesday

PriceSmart (NASDAQ:PSMT - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, April 9th. Analysts expect the company to announce earnings of $1.51 per share and revenue of $1.34 billion for the quarter.

PriceSmart (NASDAQ:PSMT - Get Free Report) last issued its earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.22). PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the business earned $1.24 EPS. The business's quarterly revenue was up 7.8% on a year-over-year basis.

PriceSmart Price Performance

Shares of PSMT traded down $2.33 during trading hours on Thursday, reaching $86.75. The stock had a trading volume of 217,095 shares, compared to its average volume of 178,888. 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 has a 12 month low of $77.51 and a 12 month high of $99.23. The stock has a market capitalization of $2.66 billion, a PE ratio of 19.11 and a beta of 0.84. The company's 50-day moving average is $88.85 and its two-hundred day moving average is $90.17.

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PriceSmart Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. PriceSmart's dividend payout ratio is presently 27.75%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised PriceSmart from a "hold" rating to a "buy" rating in a research note on Monday, March 10th.

Insider Activity

In other news, EVP Francisco Velasco sold 555 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $90.42, for a total value of $50,183.10. Following the completion of the sale, the executive vice president now owns 79,008 shares of the company's stock, valued at approximately $7,143,903.36. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Fisher sold 1,700 shares of PriceSmart stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $95.00, for a total value of $161,500.00. Following the completion of the transaction, the director now directly owns 16,911 shares in the company, valued at approximately $1,606,545. This represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,162 shares of company stock valued at $1,930,402. Insiders own 17.10% of the company's stock.

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.