Media coverage about PriceSmart (NASDAQ:PSMT) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. PriceSmart earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.1270556791817 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
PriceSmart (NASDAQ PSMT) opened at $83.00 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 0.44. The stock has a market cap of $2,502.21, a price-to-earnings ratio of 28.62 and a beta of 1.31. PriceSmart has a 12 month low of $78.00 and a 12 month high of $94.00.
PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data on Thursday, January 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.08). The firm had revenue of $767.10 million during the quarter, compared to analyst estimates of $764.67 million. PriceSmart had a net margin of 2.92% and a return on equity of 12.61%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. equities research analysts anticipate that PriceSmart will post 3.2 earnings per share for the current fiscal year.
PSMT has been the topic of a number of recent research reports. Ifs Securities initiated coverage on shares of PriceSmart in a report on Monday, September 25th. They issued a “market perform” rating and a $85.00 target price on the stock. BidaskClub raised shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating and set a $96.00 target price on the stock in a report on Tuesday, January 2nd. Scotiabank cut shares of PriceSmart to a “hold” rating and set a $90.00 target price on the stock. in a report on Friday, January 5th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $100.00 target price on shares of PriceSmart in a report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. PriceSmart presently has a consensus rating of “Hold” and an average price target of $91.75.
In other PriceSmart news, CEO Jose Luis Laparte sold 12,772 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $82.58, for a total value of $1,054,711.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John D. Hildebrandt sold 1,614 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $83.47, for a total transaction of $134,720.58. Following the completion of the transaction, the executive vice president now directly owns 17,237 shares in the company, valued at $1,438,772.39. The disclosure for this sale can be found here. Insiders sold a total of 44,997 shares of company stock worth $3,683,782 over the last three months. 28.00% of the stock is currently owned by corporate insiders.
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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