PriceSmart (PSMT) Expected to Announce Earnings on Wednesday

PriceSmart (NASDAQ:PSMT) is anticipated to announce its earnings results 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) 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 return on equity of 12.29% and a net margin of 2.76%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the company posted $1.24 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis.

PriceSmart Trading Up 0.3 %

NASDAQ PSMT opened at $88.13 on Wednesday. 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 one year low of $77.51 and a one year high of $99.23. The company has a 50-day simple moving average of $88.96 and a 200-day simple moving average of $90.20. The firm has a market capitalization of $2.70 billion, a PE ratio of 19.41 and a beta of 0.84.

PriceSmart Dividend Announcement

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

Analysts Set New Price Targets

Separately, StockNews.com upgraded PriceSmart from a “hold” rating to a “buy” rating in a research report on Monday, March 10th.

Insider Buying and Selling at PriceSmart

In related news, Director Jeffrey Fisher sold 1,700 shares of PriceSmart stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $95.00, for a total value of $161,500.00. Following the sale, the director now directly owns 16,911 shares in the company, valued at $1,606,545. This trade represents a 9.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John D. Hildebrandt sold 580 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $92.40, for a total transaction of $53,592.00. Following the completion of the transaction, the chief operating officer now owns 858 shares of the company’s stock, valued at approximately $79,279.20. This trade represents a 40.33 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,162 shares of company stock worth $1,930,402. 17.10% of the stock is owned by insiders.

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.