PriceSmart (PSMT) Scheduled to Post Earnings on Tuesday

PriceSmart (NASDAQ:PSMT) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 9th. Individual interested in listening to the company’s earnings conference call can do so using this link.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, January 10th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.15. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. PriceSmart had a net margin of 2.53% and a return on equity of 11.92%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $1.05 earnings per share. On average, analysts expect PriceSmart to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PriceSmart Stock Performance

NASDAQ PSMT opened at $82.94 on Monday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 22.48 and a beta of 0.92. The company has a 50 day moving average of $81.17 and a 200-day moving average of $75.40. The company has a current ratio of 1.25, a quick ratio of 0.50 and a debt-to-equity ratio of 0.09. PriceSmart has a 1-year low of $61.82 and a 1-year high of $84.93.

PriceSmart Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, August 14th. This represents a dividend yield of 1.5%. PriceSmart’s dividend payout ratio (DPR) is currently 31.44%.

Institutional Investors Weigh In On PriceSmart

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in shares of PriceSmart by 14.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 198,989 shares of the company’s stock worth $15,079,000 after acquiring an additional 25,831 shares during the period. Townsquare Capital LLC raised its holdings in shares of PriceSmart by 1.0% during the fourth quarter. Townsquare Capital LLC now owns 13,063 shares of the company’s stock worth $990,000 after acquiring an additional 131 shares during the period. Barclays PLC raised its holdings in shares of PriceSmart by 342.1% during the fourth quarter. Barclays PLC now owns 58,388 shares of the company’s stock worth $4,425,000 after acquiring an additional 45,180 shares during the period. Perpetual Ltd raised its holdings in shares of PriceSmart by 14.5% during the fourth quarter. Perpetual Ltd now owns 116,541 shares of the company’s stock worth $8,831,000 after acquiring an additional 14,802 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of PriceSmart by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 3,319,255 shares of the company’s stock worth $251,533,000 after acquiring an additional 141,920 shares during the period. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on PSMT shares. TheStreet raised shares of PriceSmart from a “c+” rating to a “b-” rating in a research note on Tuesday, January 30th. StockNews.com raised shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a research note on Friday.

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.