$0.69 Earnings Per Share Expected for PriceSmart (PSMT) This Quarter

Analysts forecast that PriceSmart (NASDAQ:PSMT) will post earnings of $0.69 per share for the current quarter, according to Zacks. Zero analysts have made estimates for PriceSmart’s earnings. PriceSmart posted earnings per share of $0.62 during the same quarter last year, which would indicate a positive year over year growth rate of 11.3%. The company is expected to report its next quarterly earnings results on Wednesday, July 4th.

According to Zacks, analysts expect that PriceSmart will report full year earnings of $3.20 per share for the current fiscal year. For the next fiscal year, analysts expect that the firm will post earnings of $3.67 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover PriceSmart.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Thursday, April 5th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.30. The business had revenue of $839.56 million during the quarter, compared to analyst estimates of $832.43 million. PriceSmart had a net margin of 2.45% and a return on equity of 12.29%. During the same quarter in the previous year, the business posted $0.90 earnings per share.



A number of brokerages recently commented on PSMT. BidaskClub upgraded PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 18th. Zacks Investment Research lowered PriceSmart from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. ValuEngine lowered PriceSmart from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. Finally, Scotiabank set a $90.00 target price on PriceSmart and gave the company a “sector perform” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. PriceSmart currently has an average rating of “Hold” and an average price target of $92.50.

In other news, Director Sherry S. Bahrambeygui sold 15,000 shares of PriceSmart stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $88.20, for a total value of $1,323,000.00. Following the completion of the transaction, the director now directly owns 126,405 shares in the company, valued at $11,148,921. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Chong Jesus Von sold 300 shares of PriceSmart stock in a transaction on Friday, May 11th. The shares were sold at an average price of $83.46, for a total value of $25,038.00. Following the completion of the transaction, the executive vice president now owns 26,701 shares of the company’s stock, valued at $2,228,465.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,433 shares of company stock worth $3,371,358. Corporate insiders own 28.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Swiss National Bank grew its position in PriceSmart by 4.2% during the fourth quarter. Swiss National Bank now owns 37,000 shares of the company’s stock worth $3,186,000 after buying an additional 1,500 shares in the last quarter. Slow Capital Inc. purchased a new position in PriceSmart during the fourth quarter worth about $996,000. Raymond James & Associates grew its position in PriceSmart by 2.6% during the fourth quarter. Raymond James & Associates now owns 67,007 shares of the company’s stock worth $5,769,000 after buying an additional 1,680 shares in the last quarter. Lombard Odier Asset Management Switzerland SA boosted its holdings in shares of PriceSmart by 14.1% in the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 278,200 shares of the company’s stock worth $23,953,000 after purchasing an additional 34,400 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of PriceSmart by 2.3% in the 4th quarter. Renaissance Technologies LLC now owns 683,900 shares of the company’s stock worth $58,884,000 after purchasing an additional 15,600 shares in the last quarter. Institutional investors own 77.65% of the company’s stock.

Shares of PriceSmart traded up $0.40, reaching $83.00, during trading on Wednesday, Marketbeat Ratings reports. The stock had a trading volume of 129,135 shares, compared to its average volume of 173,256. The firm has a market cap of $2.52 billion, a PE ratio of 27.85 and a beta of 1.19. PriceSmart has a fifty-two week low of $77.50 and a fifty-two week high of $93.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.42 and a quick ratio of 0.54.

About PriceSmart

PriceSmart, Inc owns and operates the U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The company's warehouse clubs offer brand name and private label consumer goods to individuals and businesses. As of October 26, 2017, it operated 40 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 in Trinidad; 3 each in Guatemala, Honduras, and the Dominican Republic; 2 in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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