PriceSmart Inc (NASDAQ: PSMT) has reported E.P.S. of $1.08 for its third fiscal quarter (ending May 31) versus $0.95 for the same period a year ago — an increase of 14%. For the latest four quarters through May 31, E.P.S. were $4.11 compared to $3.77 a year ago — an increase of 9%.
Recent Price Action
PriceSmart Inc (NASDAQ: PSMT) stock closed at $78.30 on 7/10/24 after a slight gain of 0.1%. Moreover, trading volume in this advance was unusually high at 189% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, PSMT is expected to continue to be a Value Builder.
PriceSmart has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PriceSmart has a neutral Appreciation Score of 45 and a slightly positive Power Rating of 63, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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