PriceSmart (PSMT) Set to Announce Earnings on Wednesday

PriceSmart (NASDAQ:PSMT) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect PriceSmart to post earnings of $1.01 per share for the quarter.

PriceSmart Stock Down 1.3 %

NASDAQ PSMT opened at $91.70 on Monday. The business has a fifty day moving average price of $89.73 and a 200 day moving average price of $85.39. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20. The company has a market cap of $2.81 billion, a P/E ratio of 22.26 and a beta of 0.84. PriceSmart has a one year low of $61.82 and a one year high of $94.82.

Insider Activity

In related news, EVP Francisco Velasco sold 827 shares of PriceSmart stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $91.03, for a total transaction of $75,281.81. Following the transaction, the executive vice president now owns 84,385 shares in the company, valued at approximately $7,681,566.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 18.60% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th.

About PriceSmart

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.