Watch List -PriceSmart, Inc. (NASDAQ:PSMT)
On Thursday, PriceSmart, Inc. (NASDAQ:PSMT) gained 1.09% with the overall traded volume of 169,536 shares above its average volume of 89,127 shares. The company has the market value of $2.852B and its EPS ratio for the past year was $2.94. The company finished business at $92.85.
PriceSmart, Inc. (PSMT) recently declared its results of operations for the second quarter of fiscal year 2017 which ended on February 28, 2017.
For the second quarter of fiscal year 2017, net warehouse club sales raised 1.80% to $772.30M from $759.0M in the second quarter of fiscal year 2016. Total revenues for the second quarter of fiscal year 2017 were $793.30M contrast to $777.90M in the comparable period of the prior year. The Company had 39 warehouse clubs in operation as of February 2017 and 38 clubs in operation as of February 2016.
The Company recorded operating income during the quarter of $39.40M, as contrast to operating income of $39.10M in the prior year. Net income was $27.20M, or $0.90 per diluted share, in the second quarter of fiscal year 2017 as contrast to $25.90M, or $0.85 per diluted share, in the second quarter of fiscal year 2016.
For the first six months of fiscal year 2017, net warehouse club sales raised 2.70% to $1,488.40M from $1,449.80M in the first six months of fiscal year 2016. Total revenues for the first half of fiscal year 2017 raised 2.9% to $1,532.90M from $1,489.90M in the same period of the prior year. For the first six months of fiscal year 2017, the Company recorded operating income of $77.80M and net income of $52.10M, or $1.72 per diluted share. During the same six month period in fiscal year 2016, the Company recorded operating income of $76.40M and net income of $49.60M, or $1.63 per diluted share.
The Company also declared that for the month of March 2017, net warehouse club sales raised 5.3% to $239.90M, from $227.80M in March a year earlier. For the seven months ended March 31, 2017, net warehouse club sales raised 3.0% to $1,728.20M from $1,677.60M for the seven months ended March 31, 2016. There were 39 warehouse clubs in operation at the end of March 2017 and 38 warehouse clubs in operation at the end of March 2016.
For the four weeks ended April 2, 2017, comparable net warehouse club sales for the 38 warehouse clubs open at least 13 1/2 full months raised 2.90%, contrast to the same four-week period last year. For the thirty-week period ended April 2, 2017, comparable net warehouse club sales raised 1.30%, contrast to the comparable thirty-week period a year ago.
PriceSmart administration plans to host a conference call at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) on Friday, April 7, 2017, to discuss the financial results.
Technical Analysis:
The company has 30.41M shares outstanding and 82.80% shares of the company were owned by institutional investors. The company has 0.95 value in price to sale ratio while price to book ratio was recorded as 4.25. The company earned $88.40M in prior twelve months on revenue of $2.93B. It beta stands at 1.31.
Analyst recommendation for this stock stands at 2.30.