PriceSmart (NASDAQ:PSMT) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

PriceSmart (NASDAQ:PSMT) posted its quarterly earnings data on Monday. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.06), FiscalAI reports. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.46 billion. PriceSmart had a return on equity of 12.16% and a net margin of 2.82%.

PriceSmart Price Performance

PSMT stock traded up $2.16 during trading on Monday, reaching $173.11. The company’s stock had a trading volume of 338,025 shares, compared to its average volume of 248,484. PriceSmart has a 1 year low of $111.68 and a 1 year high of $199.84. The company has a quick ratio of 0.53, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $5.34 billion, a P/E ratio of 33.23 and a beta of 0.73. The company’s fifty day moving average is $171.54 and its 200-day moving average is $173.85.

Analyst Ratings Changes

PSMT has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $198.00 target price on shares of PriceSmart in a report on Wednesday, August 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of PriceSmart in a report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, PriceSmart currently has an average rating of “Buy” and an average target price of $198.00.

Insider Activity

In related news, Director Sherry Bahrambeygui sold 3,499 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $197.38, for a total transaction of $690,632.62. Following the completion of the sale, the director owned 32,150 shares in the company, valued at approximately $6,345,767. This trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Francisco Velasco sold 338 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $177.87, for a total value of $60,120.06. Following the sale, the executive vice president owned 75,321 shares of the company’s stock, valued at $13,397,346.27. This represents a 0.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 6,937 shares of company stock worth $1,349,392 over the last 90 days. Company insiders own 17.00% of the company’s stock.

About PriceSmart

PriceSmart, Inc operates membership warehouse clubs serving consumers and businesses in Latin America and the Caribbean. The company offers a broad selection of products at value-oriented prices, including groceries, fresh foods, beverages, household supplies, apparel, appliances, electronics, furniture and other general merchandise.

Through its warehouse clubs and digital commerce platforms, PriceSmart provides shopping and delivery options designed for both individual members and small businesses.