Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Large Volume Increase – Here’s What Happened

Jeronimo Martins SGPS SA (OTCMKTS:JRONYGet Free Report) shares saw an uptick in trading volume on Monday . 43,579 shares were traded during mid-day trading, an increase of 142% from the previous session’s volume of 18,035 shares.The stock last traded at $43.81 and had previously closed at $42.96.

Analysts Set New Price Targets

Separately, Zacks Research cut Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Jeronimo Martins SGPS currently has a consensus rating of “Hold”.

Get Our Latest Stock Report on JRONY

Jeronimo Martins SGPS Stock Up 0.7%

The company has a market cap of $13.79 billion, a P/E ratio of 18.58, a PEG ratio of 1.47 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.58 and a quick ratio of 0.33. The business’s 50 day moving average price is $47.58 and its 200-day moving average price is $48.44.

Jeronimo Martins SGPS (OTCMKTS:JRONYGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Jeronimo Martins SGPS had a return on equity of 21.29% and a net margin of 1.75%.The business had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.40 billion. On average, analysts anticipate that Jeronimo Martins SGPS SA will post 2.91 earnings per share for the current fiscal year.

About Jeronimo Martins SGPS

(Get Free Report)

Jeronimo Martins SGPS is a Portugal-based corporate group engaged primarily in food distribution and retail. Through its flagship Pingo Doce banner in Portugal, the company operates a network of full-service supermarkets and convenience outlets offering fresh produce, grocery items, and private-label products. In addition, its cash-and-carry arm, Recheio, supplies wholesale and hospitality professionals with a broad range of food and non-food goods.

Beyond its home market, Jeronimo Martins has established a significant presence in Poland under the discount supermarket brand Biedronka.

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