News coverage about PriceSmart (NASDAQ:PSMT) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. PriceSmart earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.0285906140269 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Contrasting Dollar Tree (DLTR) & PriceSmart (PSMT) (americanbankingnews.com)
- PriceSmart (PSMT) July Sales Comps Increase 1.4% (streetinsider.com)
- PriceSmart Announces July Sales (finance.yahoo.com)
- Head to Head Analysis: Dollar Tree (DLTR) vs. PriceSmart (NASDAQ:PSMT) (americanbankingnews.com)
PSMT has been the topic of several recent analyst reports. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Monday, July 24th. TheStreet cut shares of PriceSmart from a “b” rating to a “c+” rating in a report on Thursday, July 13th. Zacks Investment Research cut shares of PriceSmart from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Roth Capital set a $102.00 target price on shares of PriceSmart and gave the company a “buy” rating in a report on Tuesday.
Shares of PriceSmart (NASDAQ PSMT) traded up 0.31% during mid-day trading on Friday, hitting $82.10. 55,596 shares of the stock were exchanged. The stock’s 50 day moving average is $83.90 and its 200 day moving average is $87.27. PriceSmart has a 12 month low of $78.00 and a 12 month high of $94.40. The firm has a market cap of $2.47 billion, a P/E ratio of 26.84 and a beta of 1.24.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Wednesday, July 5th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by $0.05. PriceSmart had a return on equity of 14.05% and a net margin of 3.13%. The firm had revenue of $730.30 million for the quarter, compared to the consensus estimate of $734.80 million. During the same period in the previous year, the company posted $0.55 EPS. PriceSmart’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts expect that PriceSmart will post $3.08 EPS for the current fiscal year.
In other news, Director Sherry S. Bahrambeygui sold 3,561 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $84.88, for a total transaction of $302,257.68. Following the transaction, the director now owns 125,374 shares of the company’s stock, valued at approximately $10,641,745.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 28.00% of the stock is currently owned by corporate insiders.
PriceSmart Company Profile
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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