PriceSmart (NASDAQ:PSMT) Releases Earnings Results, Beats Estimates By $0.07 EPS

PriceSmart (NASDAQ:PSMT) announced its quarterly earnings data on Wednesday. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07, Briefing.com reports. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. PriceSmart had a return on equity of 11.89% and a net margin of 2.60%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $1.02 earnings per share.

PriceSmart Trading Up 2.5 %

Shares of PSMT stock opened at $80.23 on Friday. The stock’s fifty day moving average is $82.25 and its two-hundred day moving average is $80.56. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20. The firm has a market capitalization of $2.46 billion, a P/E ratio of 19.47 and a beta of 0.85. PriceSmart has a fifty-two week low of $61.82 and a fifty-two week high of $87.99.

Insider Transactions at PriceSmart

In other PriceSmart news, Director Gordon H. Hanson sold 937 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $79.86, for a total transaction of $74,828.82. Following the transaction, the director now owns 7,969 shares of the company’s stock, valued at $636,404.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Gordon H. Hanson sold 937 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $79.86, for a total value of $74,828.82. Following the completion of the sale, the director now owns 7,969 shares of the company’s stock, valued at approximately $636,404.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John D. Hildebrandt sold 505 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $80.36, for a total transaction of $40,581.80. Following the sale, the chief operating officer now owns 1,685 shares of the company’s stock, valued at approximately $135,406.60. The disclosure for this sale can be found here. Insiders have sold a total of 26,125 shares of company stock worth $2,175,282 in the last ninety days. Insiders own 18.60% of the company’s stock.

Hedge Funds Weigh In On PriceSmart

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of PriceSmart by 76.4% during the second quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock valued at $34,000 after acquiring an additional 181 shares during the last quarter. Covestor Ltd increased its holdings in PriceSmart by 237.4% in the 1st quarter. Covestor Ltd now owns 442 shares of the company’s stock valued at $38,000 after purchasing an additional 311 shares during the last quarter. TFO Wealth Partners LLC raised its position in PriceSmart by 30,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock valued at $69,000 after purchasing an additional 909 shares during the period. SYSTM Wealth Solutions LLC acquired a new position in PriceSmart during the first quarter worth $85,000. Finally, CWM LLC grew its stake in shares of PriceSmart by 331.4% in the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock valued at $79,000 after buying an additional 802 shares in the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on PSMT. Jefferies Financial Group upped their price objective on shares of PriceSmart from $82.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. StockNews.com lowered shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a report on Thursday.

PriceSmart Company Profile

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.