PriceSmart, Inc. (NASDAQ:PSMT) Director Robert E. Price sold 5,927 shares of the stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $90.37, for a total transaction of $535,622.99. Following the transaction, the director now owns 80 shares of the company’s stock, valued at approximately $7,229.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ:PSMT opened at $92.08 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.29 and a quick ratio of 0.61. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 31.97 and a beta of 0.82. PriceSmart, Inc. has a twelve month low of $54.02 and a twelve month high of $104.90. The stock’s 50-day simple moving average is $88.78.
PriceSmart (NASDAQ:PSMT) last issued its earnings results on Thursday, April 8th. The company reported $0.92 earnings per share 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 the consensus estimate of $938.35 million. PriceSmart had a return on equity of 10.46% and a net margin of 2.59%. PriceSmart’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS.
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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