PriceSmart - PSMT Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PriceSmart in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PSMT shares.
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2 equities research analysts have issued 12-month price objectives for PriceSmart's shares. Their PSMT share price forecasts range from $100.00 to $100.00. On average, they predict the company's share price to reach $100.00 in the next year. This suggests a possible upside of 51.9% from the stock's current price.
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PriceSmart's stock was trading at $73.17 at the beginning of 2022. Since then, PSMT stock has decreased by 10.0% and is now trading at $65.83.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our PSMT earnings forecast.

PriceSmart, Inc. (NASDAQ:PSMT) released its earnings results on Monday, July, 11th. The company reported $0.62 EPS for the quarter. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $951.87 million. PriceSmart had a trailing twelve-month return on equity of 10.65% and a net margin of 2.55%. The company's revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business earned $0.73 earnings per share.

PriceSmart announced a semi-annual dividend on Tuesday, February 8th. Shareholders of record on Monday, August 15th will be paid a dividend of $0.43 per share on Wednesday, August 31st. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for PSMT.

PriceSmart (NASDAQ:PSMT) pays an annual dividend of $0.86 per share and currently has a dividend yield of 1.34%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.38%. 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."

PriceSmart's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (8.20%), Black Creek Investment Management Inc. (5.29%), FMR LLC (4.76%), Wells Fargo & Company MN (1.10%), Principal Financial Group Inc. (0.51%) and Renaissance Technologies LLC (0.39%). Insiders that own company stock include Ana Luisa Bianchi, Brud E Drachman, Chong Jesus Von, Frank Ramon Diaz, Jeffrey Fisher, John D Hildebrandt, Juan Ignacio Biehl, Leon C Janks, Mitchell G Lynn, Nicolas Maslowski, Philanthropies Foundatio Price, Robert E Price, Robert E Price, Rodrigo Calvo, Sherry S Bahrambeygui and William J Naylon.
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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 $65.83.

PriceSmart (NASDAQ:PSMT) has a market capitalization of $2.04 billion and generates $3.62 billion in revenue each year. The company earns $97.96 million in net income (profit) each year or $3.26 on an earnings per share basis.

The company employs 10,400 workers across the globe.

PriceSmart was founded in 1993.

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.