PriceSmart (PSMT) Receives Daily News Sentiment Rating of 0.23
News articles about PriceSmart (NASDAQ:PSMT) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. PriceSmart earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.76143945321 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- PriceSmart (PSMT) Announces Acquisition of Aeropost (streetinsider.com)
- PriceSmart, Inc. (PSMT) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- BRIEF-Pricesmart Announces Acquisition Of Aeropost Inc (reuters.com)
- PriceSmart Announces Acquisition of Aeropost, Inc. (finance.yahoo.com)
- PriceSmart (PSMT) Lifted to Hold at Zacks Investment Research (americanbankingnews.com)
A number of equities analysts have recently weighed in on the stock. Scotiabank set a $90.00 price target on shares of PriceSmart and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. BidaskClub cut shares of PriceSmart from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Zacks Investment Research raised shares of PriceSmart from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Saturday, January 13th. Ifs Securities upgraded shares of PriceSmart from a “market perform” rating to an “outperform” rating in a research report on Friday, December 29th. Finally, Scotia Howard Weill reiterated a “sector perform” rating on shares of PriceSmart in a research report on Friday, January 5th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. PriceSmart currently has a consensus rating of “Hold” and a consensus target price of $92.50.
PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Thursday, January 4th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.08). PriceSmart had a return on equity of 12.61% and a net margin of 2.92%. The business had revenue of $767.10 million during the quarter, compared to analysts’ expectations of $764.67 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. PriceSmart’s quarterly revenue was up 3.7% on a year-over-year basis. analysts anticipate that PriceSmart will post 3.2 earnings per share for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Friday, August 31st. Investors of record on Wednesday, August 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a dividend yield of 0.8%. PriceSmart’s dividend payout ratio is presently 24.14%.
PriceSmart Company Profile
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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