PriceSmart (NASDAQ:PSMT) Announces Quarterly Earnings Results

Posted by Kyle Jackson on Nov 1st, 2024

PriceSmart (NASDAQ:PSMT – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.07), Briefing.com reports. PriceSmart had a return on equity of 12.76% and a net margin of 2.83%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year.

PriceSmart Stock Down 7.0 %

PSMT opened at $83.08 on Friday. The firm has a market cap of $2.55 billion, a P/E ratio of 18.18 and a beta of 0.84. The business’s fifty day simple moving average is $90.01 and its 200 day simple moving average is $85.57. PriceSmart has a 52 week low of $61.82 and a 52 week high of $94.82. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09.

Insider Buying and Selling at PriceSmart

In related news, EVP Francisco Velasco sold 827 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $91.03, for a total transaction of $75,281.81. Following the sale, the executive vice president now owns 84,385 shares in the company, valued at approximately $7,681,566.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Check Out Our Latest Stock Report on PSMT

PriceSmart Company Profile

(Get Free Report)

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.