PriceSmart (NASDAQ:PSMT) announced its quarterly earnings data on Wednesday. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.22, MarketWatch Earnings reports. The business had revenue of $877.43 million for the quarter, compared to analyst estimates of $837.37 million. PriceSmart had a net margin of 2.37% and a return on equity of 9.67%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS.
NASDAQ PSMT traded up $2.25 during trading on Friday, hitting $99.54. The company’s stock had a trading volume of 4,909 shares, compared to its average volume of 147,012. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average price of $87.04 and a 200 day moving average price of $72.12. The firm has a market cap of $3.06 billion, a P/E ratio of 38.91 and a beta of 0.90. PriceSmart has a 52 week low of $41.15 and a 52 week high of $97.96.
In other PriceSmart news, major shareholder Philanthropies Foundatio Price sold 10,388 shares of the business’s stock in a transaction on Tuesday, January 5th. The stock was sold at an average price of $93.00, for a total value of $966,084.00. Following the transaction, the insider now owns 4,123,648 shares of the company’s stock, valued at $383,499,264. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert E. Price sold 8,680 shares of the company’s stock in a transaction on Thursday, December 10th. The shares were sold at an average price of $86.85, for a total value of $753,858.00. Following the transaction, the director now directly owns 80 shares in the company, valued at approximately $6,948. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,945 shares of company stock worth $4,922,988. 27.10% of the stock is currently owned by company insiders.
PSMT has been the subject of several recent research reports. BidaskClub raised shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 15th. TheStreet upgraded PriceSmart from a “c+” rating to a “b-” rating in a research note on Thursday, October 22nd.
PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sell brand name and private label consumer products and provide services, such as optical and tires to individuals and businesses. As of December 04, 2020, the company operated 47 warehouse clubs.
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