PriceSmart (PSMT) Scheduled to Post Quarterly Earnings on Wednesday

PriceSmart (NASDAQ:PSMT) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.01 per share for the quarter.

PriceSmart Price Performance

Shares of PriceSmart stock opened at $92.40 on Wednesday. PriceSmart has a one year low of $61.82 and a one year high of $94.82. The stock’s fifty day moving average is $89.28 and its 200 day moving average is $85.18. The stock has a market cap of $2.83 billion, a P/E ratio of 22.43 and a beta of 0.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

Insider Buying and Selling

In other PriceSmart news, EVP Francisco Velasco sold 670 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $89.05, for a total value of $59,663.50. Following the completion of the sale, the executive vice president now owns 79,470 shares in the company, valued at approximately $7,076,803.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 18.60% of the stock is owned by insiders.

About PriceSmart

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.