News articles about PriceSmart (NASDAQ:PSMT) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. PriceSmart earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.27652425459 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of PriceSmart (NASDAQ PSMT) traded up $0.45 during mid-day trading on Thursday, hitting $86.15. 86,100 shares of the stock traded hands, compared to its average volume of 118,579. The stock has a market cap of $2,605.34, a price-to-earnings ratio of 28.76 and a beta of 1.31. PriceSmart has a 1-year low of $78.00 and a 1-year high of $94.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.55 and a current ratio of 1.40.
PriceSmart (NASDAQ:PSMT) last posted its earnings results on Thursday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.09). PriceSmart had a return on equity of 13.32% and a net margin of 3.03%. The business had revenue of $733.50 million for the quarter, compared to analyst estimates of $733.64 million. During the same period last year, the company posted $0.74 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts expect that PriceSmart will post 3.2 earnings per share for the current year.
A number of equities research analysts recently commented on PSMT shares. Ifs Securities started coverage on shares of PriceSmart in a research note on Monday, September 25th. They issued a “market perform” rating and a $85.00 price objective on the stock. Zacks Investment Research upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Finally, Roth Capital restated a “buy” rating and issued a $100.00 target price on shares of PriceSmart in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. PriceSmart currently has an average rating of “Hold” and an average target price of $92.50.
In related news, EVP John D. Hildebrandt sold 1,614 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $83.47, for a total transaction of $134,720.58. Following the transaction, the executive vice president now directly owns 17,237 shares in the company, valued at $1,438,772.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Chong Jesus Von sold 620 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $80.28, for a total value of $49,773.60. Following the completion of the sale, the executive vice president now owns 27,001 shares in the company, valued at $2,167,640.28. The disclosure for this sale can be found here. Insiders sold 44,997 shares of company stock valued at $3,683,782 in the last ninety days. 28.00% of the stock is owned by corporate insiders.
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PriceSmart Company Profile
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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