How To Earn $500 A Month From PriceSmart Stock Following Mixed Earnings Report
Portfolio Pulse from Lisa Levin
PriceSmart, Inc. (NASDAQ:PSMT) reported lower than expected earnings for Q4 2023, but sales exceeded estimates. The company's adjusted earnings were 65 cents per share, missing market estimates of 85 cents per share. Revenue was $1.118 billion, above expectations of $1.096 billion. The company's dividend yield is currently 1.28%, or $0.92 a year. To generate a monthly dividend income of $500, an investor would need to own approximately $467,432 worth of PriceSmart, or 6,522 shares. PriceSmart shares fell 0.7% to close at $71.67 on Monday.
October 31, 2023 | 12:23 pm
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PriceSmart's lower than expected earnings could negatively impact the stock price in the short term. However, the company's strong sales and dividends could attract investors seeking income.
PriceSmart's lower than expected earnings could lead to a short-term decrease in the stock price as it indicates weaker profitability. However, the company's strong sales and dividends could attract investors seeking income, potentially offsetting some of the negative impact.
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IMPORTANCE 80
RELEVANCE 100