PriceSmart (NASDAQ:PSMT) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

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.

A hedge fund recently bought a new stake in PriceSmart stock. Two Sigma Advisers LP acquired a new position in PriceSmart, Inc. (NASDAQ:PSMT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,200 shares of the company’s stock, valued at approximately $326,000. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

About PriceSmart

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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Earnings History for PriceSmart (NASDAQ:PSMT)

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