PriceSmart, Inc. (NASDAQ:PSMT) Director Robert E. Price sold 5,476 shares of the company’s stock in a transaction that occurred on Wednesday, June 9th. The shares were sold at an average price of $91.51, for a total value of $501,108.76. Following the sale, the director now directly owns 80 shares of the company’s stock, valued at $7,320.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
PSMT opened at $92.08 on Friday. The firm’s 50 day moving average is $88.78. The company has a current ratio of 1.29, a quick ratio of 0.61 and a debt-to-equity ratio of 0.12. The stock has a market cap of $2.83 billion, a P/E ratio of 31.97 and a beta of 0.82. PriceSmart, Inc. has a 52 week low of $54.02 and a 52 week high of $104.90.
PriceSmart (NASDAQ:PSMT) last issued its earnings results on Thursday, April 8th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.14). The business had revenue of $937.60 million for the quarter, compared to analysts’ expectations of $938.35 million. PriceSmart had a return on equity of 10.46% and a net margin of 2.59%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share.
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 February 03, 2021, the company operated 47 warehouse clubs in 12 countries and one U.S.
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