PriceSmart (PSMT) Misses Q1 EPS by 5c
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Low Membership Income Hurts PriceSmart's (PSMT) 1Q - Roth Capital Cuts PT to $85
January 11, 2016 6:51 AM ESTRoth Capital Maintained a Buy rating on PriceSmart (NASDAQ: PSMT), and cut the price target to $85.00 (from $100.00), following the company's 1Q16 earnings report. Results missed on lower-than-expected warehouse club gross margin and membership income. EPS of $0.78 missed consensus of $0.83. Membership income increased 13.4% YOY, but held... More
