PriceSmart (NASDAQ:PSMT) issued its quarterly earnings results on Wednesday. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.22, MarketWatch Earnings reports. PriceSmart had a return on equity of 9.67% and a net margin of 2.37%. The business had revenue of $877.43 million for the quarter, compared to analyst estimates of $837.37 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis.
PriceSmart stock opened at $97.29 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.14. PriceSmart has a 52 week low of $41.15 and a 52 week high of $97.96. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 37.86 and a beta of 0.90. The stock has a 50-day moving average price of $87.04 and a 200 day moving average price of $72.12.
A number of equities research analysts recently commented on the company. TheStreet raised PriceSmart from a “c+” rating to a “b-” rating in a report on Thursday, October 22nd. BidaskClub raised PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 15th.
PriceSmart Company Profile
PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sell brand name and private label consumer products and provide services, such as optical and tires to individuals and businesses. As of December 04, 2020, the company operated 47 warehouse clubs.
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