PriceSmart (PSMT) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PriceSmart in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PSMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSMT, but not buy additional shares or sell existing shares.
View PSMT analyst ratings or view top-rated stocks.

1 equities research analysts have issued twelve-month price objectives for PriceSmart's shares. Their PSMT share price forecasts range from $82.00 to $82.00. On average, they expect the company's stock price to reach $82.00 in the next twelve months. This suggests a possible upside of 10.1% from the stock's current price.
View analysts price targets for PSMT or view top-rated stocks among Wall Street analysts.

PriceSmart's stock was trading at $60.78 at the start of the year. Since then, PSMT shares have increased by 22.6% and is now trading at $74.51.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our PSMT earnings forecast.

PriceSmart will be holding an earnings conference call on Tuesday, October 31st at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-764-8692 with passcode "496180 #".

PriceSmart, Inc. (NASDAQ:PSMT) posted its quarterly earnings results on Tuesday, July, 11th. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. PriceSmart had a net margin of 2.71% and a trailing twelve-month return on equity of 12.20%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS.

PriceSmart announced a Semi-Annual dividend on Friday, February 3rd. Investors of record on Tuesday, August 15th will be given a dividend of $0.46 per share on Thursday, August 31st. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 14th.
Read our dividend analysis for PSMT.

ETFs with the largest weight of PriceSmart (NASDAQ:PSMT) stock in their portfolio include Invesco S&P SmallCap Consumer Staples ETF (PSCC), Qraft AI-Enhanced Next Value ETF (NVQ), Harbor Corporate Culture Small Cap ETF (HAPS) and Small Cap US Equity Select ETF (RNSC).SPDR S&P 600 Small Cap ETF (SLY).

PriceSmart (NASDAQ:PSMT) pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.24%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.47%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PSMT.

21 employees have rated PriceSmart Chief Executive Officer Jose Luis Laparte on Glassdoor.com. Jose Luis Laparte has an approval rating of 100% among the company's employees. This puts Jose Luis Laparte in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other PriceSmart investors own include Salesforce (CRM), NVIDIA (NVDA), Walt Disney (DIS), AbbVie (ABBV), Alibaba Group (BABA), Micron Technology (MU), QUALCOMM (QCOM), Visa (V), Home Depot (HD) and Starbucks (SBUX).

PriceSmart trades on the NASDAQ under the ticker symbol "PSMT."

Shares of PSMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PSMT stock can currently be purchased for approximately $74.51.

PriceSmart (NASDAQ:PSMT) has a market capitalization of $2.31 billion and generates $4.07 billion in revenue each year. The company earns $104.53 million in net income (profit) each year or $3.76 on an earnings per share basis.

The company employs 10,600 workers across the globe.

PriceSmart's mailing address is 9740 SCRANTON ROAD, SAN DIEGO CA, 92121. The official website for the company is www.pricesmart.com. The company can be reached via phone at (858) 404-8800, via email at ir@pricesmart.com, or via fax at 858-581-4500.