PriceSmart (NASDAQ:PSMT) Releases Earnings Results

PriceSmart (NASDAQ:PSMT) announced its quarterly earnings data on Wednesday. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.05, MarketWatch Earnings reports. The firm had revenue of $975.36 million for the quarter, compared to the consensus estimate of $967.86 million. PriceSmart had a net margin of 2.71% and a return on equity of 11.01%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS.

Shares of NASDAQ PSMT traded up $0.77 during mid-day trading 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 stock has a fifty day moving average of $74.22 and a two-hundred day moving average of $80.40. The firm has a market capitalization of $2.28 billion, a PE ratio of 23.25 and a beta of 0.86. PriceSmart has a 52 week low of $67.91 and a 52 week high of $104.90. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.31 and a quick ratio of 0.58.

In related news, major shareholder Philanthropies Foundatio Price sold 8,936 shares of the business’s stock in a transaction on Tuesday, November 23rd. The shares were sold at an average price of $79.81, for a total value of $713,182.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert E. Price sold 10,000 shares of PriceSmart stock in a transaction on Monday, December 20th. The stock was sold at an average price of $69.15, for a total transaction of $691,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,087 shares of company stock worth $7,072,280. 20.90% of the stock is owned by insiders.

A hedge fund recently raised its stake in PriceSmart stock. UBS Group AG raised its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 90.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,088 shares of the company’s stock after acquiring an additional 4,306 shares during the period. UBS Group AG’s holdings in PriceSmart were worth $705,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 76.61% of the company’s stock.

PriceSmart Company Profile

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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