PriceSmart, Inc. (PSMT) Expected to Announce Earnings of $0.83 Per Share

Brokerages expect that PriceSmart, Inc. (NASDAQ:PSMT) will report $0.83 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for PriceSmart’s earnings. PriceSmart reported earnings per share of $0.82 during the same quarter last year, which indicates a positive year over year growth rate of 1.2%. The business is scheduled to report its next earnings report after the market closes on Thursday, January 4th.

On average, analysts expect that PriceSmart will report full year earnings of $3.20 per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of $3.57 per share. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow PriceSmart.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). The company had revenue of $733.50 million for the quarter, compared to the consensus estimate of $733.64 million. PriceSmart had a return on equity of 13.32% and a net margin of 3.03%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 EPS.

Several equities research analysts recently weighed in on the stock. Roth Capital reiterated a “buy” rating and set a $100.00 price objective on shares of PriceSmart in a research note on Monday, October 2nd. TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Zacks Investment Research lowered shares of PriceSmart from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Finally, Ifs Securities assumed coverage on shares of PriceSmart in a research note on Monday, September 25th. They set a “market perform” rating and a $85.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $92.50.

In other PriceSmart news, CEO Jose Luis Laparte sold 12,772 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $82.58, for a total value of $1,054,711.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sherry S. Bahrambeygui sold 16,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $81.55, for a total transaction of $1,321,110.00. Following the completion of the sale, the director now owns 125,813 shares in the company, valued at approximately $10,260,050.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,997 shares of company stock worth $3,683,782. 28.00% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Citigroup Inc. increased its stake in shares of PriceSmart by 18.5% in the second quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock valued at $124,000 after purchasing an additional 220 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of PriceSmart by 16.4% in the second quarter. Public Employees Retirement System of Ohio now owns 1,464 shares of the company’s stock valued at $128,000 after purchasing an additional 206 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of PriceSmart by 12.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock valued at $170,000 after purchasing an additional 210 shares during the period. Victory Capital Management Inc. increased its stake in shares of PriceSmart by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,965 shares of the company’s stock valued at $172,000 after purchasing an additional 295 shares during the period. Finally, Advisor Group Inc. increased its stake in shares of PriceSmart by 1.6% in the second quarter. Advisor Group Inc. now owns 2,433 shares of the company’s stock valued at $213,000 after purchasing an additional 39 shares during the period. Institutional investors own 73.17% of the company’s stock.

Shares of PriceSmart (NASDAQ PSMT) opened at $83.60 on Friday. The firm has a market cap of $2,574.94, a PE ratio of 28.42 and a beta of 1.31. PriceSmart has a 12 month low of $78.00 and a 12 month high of $94.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.55 and a current ratio of 1.40.

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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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Earnings History and Estimates for PriceSmart (NASDAQ:PSMT)

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