PriceSmart (PSMT) Scheduled to Post Earnings on Tuesday

PriceSmart (NASDAQ:PSMT) will post its quarterly earnings results after the market closes on Tuesday, April 9th. Persons interested in listening to the company’s earnings conference call can do so using this link.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Wednesday, January 10th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.09 by $0.15. PriceSmart had a return on equity of 11.92% and a net margin of 2.53%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, analysts expect PriceSmart to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PriceSmart Stock Up 0.7 %

PSMT opened at $82.94 on Friday. PriceSmart has a 1-year low of $61.82 and a 1-year high of $84.93. The stock’s fifty day simple moving average is $81.17 and its 200 day simple moving average is $75.41. The company has a current ratio of 1.25, a quick ratio of 0.50 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.53 billion, a PE ratio of 22.48 and a beta of 0.92.

PriceSmart Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.58 per share. This represents a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, August 14th. PriceSmart’s payout ratio is 31.44%.

Institutional Investors Weigh In On PriceSmart

Several hedge funds and other institutional investors have recently modified their holdings of PSMT. Goldman Sachs Group Inc. boosted its position in shares of PriceSmart by 14.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 198,989 shares of the company’s stock valued at $15,079,000 after buying an additional 25,831 shares during the last quarter. Townsquare Capital LLC boosted its position in shares of PriceSmart by 1.0% during the fourth quarter. Townsquare Capital LLC now owns 13,063 shares of the company’s stock valued at $990,000 after buying an additional 131 shares during the last quarter. Barclays PLC boosted its position in PriceSmart by 342.1% in the fourth quarter. Barclays PLC now owns 58,388 shares of the company’s stock worth $4,425,000 after purchasing an additional 45,180 shares during the last quarter. Perpetual Ltd boosted its position in PriceSmart by 14.5% in the fourth quarter. Perpetual Ltd now owns 116,541 shares of the company’s stock worth $8,831,000 after purchasing an additional 14,802 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in PriceSmart by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 3,319,255 shares of the company’s stock worth $251,533,000 after purchasing an additional 141,920 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PSMT. StockNews.com raised PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Friday. TheStreet raised PriceSmart from a “c+” rating to a “b-” rating in a report on Tuesday, January 30th.

PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.