PriceSmart Inc. (NASDAQ:PSMT) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokers have set a one year consensus price objective of $100.00 for the company and are anticipating that the company will post $0.67 EPS for the current quarter, according to Zacks. Zacks has also given PriceSmart an industry rank of 207 out of 265 based on the ratings given to related companies.
A number of research firms have commented on PSMT. Zacks Investment Research cut shares of PriceSmart from a “hold” rating to a “sell” rating in a research report on Wednesday, June 8th. Roth Capital reaffirmed a “buy” rating on shares of PriceSmart in a research report on Friday, June 10th.
Shares of PriceSmart (NASDAQ:PSMT) opened at 83.76 on Friday. The firm has a market cap of $2.50 billion, a PE ratio of 28.61 and a beta of 1.42. The company’s 50 day moving average is $82.93 and its 200-day moving average is $84.54. PriceSmart has a 12 month low of $68.51 and a 12 month high of $98.49.
PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Thursday, July 7th. The company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.15. PriceSmart had a return on equity of 15.08% and a net margin of 3.07%. The company had revenue of $704.30 million for the quarter. During the same period last year, the business posted $0.70 earnings per share. PriceSmart’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts predict that PriceSmart will post $2.87 EPS for the current year.
Several large investors have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new stake in shares of PriceSmart during the second quarter worth about $60,005,000. Emerald Acquisition Ltd. bought a new position in PriceSmart during the second quarter worth approximately $16,624,000. Renaissance Technologies LLC increased its position in PriceSmart by 105.5% in the first quarter. Renaissance Technologies LLC now owns 279,900 shares of the company’s stock worth $23,674,000 after buying an additional 143,700 shares during the period. Franklin Resources Inc. bought a new position in PriceSmart during the second quarter worth approximately $6,220,000. Finally, Vanguard Group Inc. increased its position in PriceSmart by 3.0% in the second quarter. Vanguard Group Inc. now owns 1,460,246 shares of the company’s stock worth $136,635,000 after buying an additional 42,400 shares during the period. 72.69% of the stock is owned by institutional investors.
PriceSmart, Inc (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PriceSmart Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PriceSmart Inc. and related companies with MarketBeat.com's FREE daily email newsletter.