PriceSmart (NASDAQ:PSMT) issued its earnings results on Wednesday. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05, MarketWatch Earnings reports. PriceSmart had a net margin of 2.71% and a return on equity of 11.01%. The firm had revenue of $975.36 million for the quarter, compared to the consensus estimate of $967.86 million. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis.
Shares of PriceSmart stock traded up $0.77 on Friday, reaching $73.86. The company’s stock had a trading volume of 2,872 shares, compared to its average volume of 116,023. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 23.25 and a beta of 0.86. The company has a quick ratio of 0.58, a current ratio of 1.31 and a debt-to-equity ratio of 0.12. PriceSmart has a 52 week low of $67.91 and a 52 week high of $104.90. The firm’s fifty day simple moving average is $74.22 and its two-hundred day simple moving average is $80.40.
In other news, Director Robert E. Price sold 10,000 shares of the firm’s stock in a transaction on Monday, October 25th. The stock was sold at an average price of $75.20, for a total value of $752,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert E. Price sold 5,031 shares of the stock in a transaction dated Monday, October 11th. The shares were sold at an average price of $78.54, for a total value of $395,134.74. The disclosure for this sale can be found here. Insiders have sold 93,087 shares of company stock worth $7,072,280 over the last ninety days. 20.90% of the stock is currently owned by insiders.
PriceSmart, Inc engages in the international management and operation of membership warehouse clubs. It operates through the following geographical segments: United States Operations, Central American Operations, Caribbean Operations and Colombia Operations. The United States Operations covers include distribution centers and corporate offices.
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