Press coverage about PriceSmart (NASDAQ:PSMT) has trended positive on Wednesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PriceSmart earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.2141185201916 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
PriceSmart (NASDAQ PSMT) traded down $1.20 during mid-day trading on Wednesday, hitting $80.30. The stock had a trading volume of 82,116 shares, compared to its average volume of 214,922. PriceSmart has a 52 week low of $77.50 and a 52 week high of $94.00. The company has a quick ratio of 0.44, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $2,440.00, a price-to-earnings ratio of 27.69 and a beta of 1.30.
PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Thursday, January 4th. The company reported $0.74 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to the consensus estimate of $764.67 million. During the same quarter last year, the business posted $0.82 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. research analysts expect that PriceSmart will post 3.2 EPS for the current year.
The company also recently announced a semiannual dividend, which will be paid on Friday, August 31st. Shareholders of record on Wednesday, August 15th will be given a $0.35 dividend. This represents a yield of 0.8%. The ex-dividend date is Tuesday, August 14th. PriceSmart’s dividend payout ratio is currently 24.14%.
Several brokerages recently weighed in on PSMT. Zacks Investment Research upgraded PriceSmart from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Scotiabank reissued a “sector perform” rating and issued a $90.00 price target on shares of PriceSmart in a research note on Thursday, March 8th. Finally, BidaskClub cut PriceSmart from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $92.50.
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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