PriceSmart (PSMT) Given Coverage Optimism Score of 0.09
News headlines about PriceSmart (NASDAQ:PSMT) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PriceSmart earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.5198240259214 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s analysis:
- John D. Hildebrandt Sells 1,614 Shares of PriceSmart, Inc. (PSMT) Stock (americanbankingnews.com)
- ETFs with exposure to PriceSmart, Inc. : November 1, 2017 (finance.yahoo.com)
- PriceSmart, Inc. :PSMT-US: Earnings Analysis: Q4, 2017 By the Numbers : October 30, 2017 (finance.yahoo.com)
- PriceSmart, Inc. breached its 50 day moving average in a Bearish Manner : PSMT-US : October 31, 2017 (finance.yahoo.com)
- PriceSmart’s (PSMT) CEO Jose Luis Laparte on Q4 2017 Results – Earnings Call Transcript (seekingalpha.com)
Shares of PriceSmart (PSMT) opened at $81.80 on Friday. PriceSmart has a 52-week low of $78.00 and a 52-week high of $94.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.55 and a current ratio of 1.40. The company has a market capitalization of $2.49 billion, a PE ratio of 27.43, a P/E/G ratio of 1.70 and a beta of 1.33.
PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.09). The firm had revenue of $733.50 million during the quarter, compared to the consensus estimate of $733.64 million. PriceSmart had a return on equity of 13.32% and a net margin of 3.03%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. research analysts forecast that PriceSmart will post 3.2 earnings per share for the current year.
Several equities research analysts recently commented on PSMT shares. TheStreet upgraded PriceSmart from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Roth Capital restated a “buy” rating and set a $100.00 target price on shares of PriceSmart in a research report on Monday, October 2nd. BidaskClub upgraded PriceSmart from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Ifs Securities started coverage on PriceSmart in a research report on Monday, September 25th. They set a “market perform” rating and a $85.00 target price on the stock. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $92.50.
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In other PriceSmart news, EVP John D. Hildebrandt sold 1,614 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $83.47, for a total value of $134,720.58. Following the transaction, the executive vice president now owns 17,237 shares in the company, valued at $1,438,772.39. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 28.00% of the stock is currently owned by corporate insiders.
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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