Q2 2017 Earnings Estimate for PriceSmart Inc. (PSMT) Issued By Roth Capital
PriceSmart Inc. (NASDAQ:PSMT) – Investment analysts at Roth Capital upped their Q2 2017 earnings estimates for shares of PriceSmart in a research note issued on Monday. Roth Capital analyst D. King now anticipates that the firm will post earnings of $0.89 per share for the quarter, up from their prior estimate of $0.88. Roth Capital currently has a “Buy” rating and a $95.00 target price on the stock.
Separately, Zacks Investment Research raised PriceSmart from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $69.33.
Shares of PriceSmart (NASDAQ:PSMT) traded down 0.26% on Thursday, reaching $85.39. The company’s stock had a trading volume of 57,858 shares. The stock has a market cap of $2.55 billion, a PE ratio of 29.16 and a beta of 1.50. PriceSmart has a 1-year low of $68.51 and a 1-year high of $98.49. The company’s 50 day moving average is $82.99 and its 200-day moving average is $84.60.
Several large investors have recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in shares of PriceSmart during the second quarter worth approximately $60,005,000. Emerald Acquisition Ltd. bought a new stake in shares of PriceSmart during the second quarter worth approximately $16,624,000. Genesis Asset Managers LLP bought a new stake in shares of PriceSmart during the third quarter worth approximately $13,781,000. Renaissance Technologies LLC boosted its stake in shares of PriceSmart by 105.5% in the first quarter. Renaissance Technologies LLC now owns 279,900 shares of the company’s stock worth $23,674,000 after buying an additional 143,700 shares during the period. Finally, Franklin Resources Inc. bought a new stake in shares of PriceSmart during the second quarter worth approximately $6,220,000. 72.69% of the stock is owned by institutional investors and hedge funds.
PriceSmart, Inc (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart.
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