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

PriceSmart (NASDAQ:PSMT) posted its quarterly earnings data on Wednesday. The company reported $1.21 EPS 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 business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the firm posted $1.24 EPS. PriceSmart’s revenue for the quarter was up 7.8% compared to the same quarter last year.

PriceSmart Price Performance

Shares of PSMT stock opened at $93.45 on Thursday. The company has a quick ratio of 0.45, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. PriceSmart has a 12 month low of $72.30 and a 12 month high of $99.23. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 20.45 and a beta of 0.86. The stock has a 50-day moving average price of $91.18 and a 200 day moving average price of $88.58.

Insider Activity

In other news, CFO Michael Mccleary sold 4,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $89.62, for a total value of $358,480.00. Following the transaction, the chief financial officer now directly owns 62,141 shares in the company, valued at $5,569,076.42. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David R. Price sold 2,750 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $92.24, for a total value of $253,660.00. Following the completion of the transaction, the executive vice president now directly owns 48,844 shares in the company, valued at $4,505,370.56. The trade was a 5.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,463 shares of company stock valued at $1,400,727. 17.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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.