PriceSmart (PSMT) Receiving Somewhat Positive News Coverage, Accern Reports
Press coverage about PriceSmart (NASDAQ:PSMT) has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PriceSmart earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.27652425459 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
PriceSmart (NASDAQ PSMT) traded down $0.30 on Tuesday, reaching $82.05. 63,023 shares of the company’s stock were exchanged, compared to its average volume of 119,658. The company has a current ratio of 1.40, a quick ratio of 0.55 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $2,485.25, a PE ratio of 27.43 and a beta of 1.33. PriceSmart has a 52-week low of $78.00 and a 52-week high of $94.00.
PriceSmart (NASDAQ:PSMT) last released its earnings results on Thursday, October 26th. The company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.09). The company had revenue of $733.50 million during the quarter, compared to analysts’ expectations of $733.64 million. PriceSmart had a net margin of 2.70% and a return on equity of 11.19%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 earnings per share. sell-side analysts expect that PriceSmart will post 3.2 EPS for the current year.
PSMT has been the subject of a number of recent analyst reports. BidaskClub raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Roth Capital set a $102.00 target price on shares of PriceSmart and gave the company a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Ifs Securities initiated coverage on shares of PriceSmart in a research note on Monday, September 25th. They issued a “market perform” rating and a $85.00 target price on the stock. Finally, TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. PriceSmart currently has an average rating of “Hold” and an average price target of $92.50.
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In related news, EVP Rodrigo Calvo sold 2,566 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $82.00, for a total transaction of $210,412.00. Following the sale, the executive vice president now directly owns 18,924 shares in the company, valued at approximately $1,551,768. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Hildebrandt sold 1,614 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $83.47, for a total transaction of $134,720.58. Following the sale, the executive vice president now owns 17,237 shares in the company, valued at $1,438,772.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,997 shares of company stock worth $3,683,782. Corporate insiders own 28.00% of the company’s stock.
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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