Jeronimo Martins SGPS (OTCMKTS:JRONY) Sets New 52-Week Low – What’s Next?

Jeronimo Martins SGPS SA (OTCMKTS:JRONYGet Free Report)’s share price hit a new 52-week low on Thursday . The stock traded as low as $37.7851 and last traded at $37.90, with a volume of 19992 shares trading hands. The stock had previously closed at $38.25.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Zacks Research raised shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Citigroup reiterated a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Get Our Latest Research Report on JRONY

Jeronimo Martins SGPS Stock Performance

The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $42.81 and a 200-day simple moving average of $46.64. The company has a market capitalization of $11.93 billion, a P/E ratio of 16.06, a PEG ratio of 1.30 and a beta of 0.79.

Jeronimo Martins SGPS (OTCMKTS:JRONYGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). The firm had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.40 billion. Jeronimo Martins SGPS had a return on equity of 20.82% and a net margin of 1.75%. Equities analysts forecast that Jeronimo Martins SGPS SA will post 2.91 EPS for the current 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.

Further Reading

Receive News & Ratings for Jeronimo Martins SGPS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jeronimo Martins SGPS and related companies with MarketBeat.com's FREE daily email newsletter.