Jeronimo Martins SGPS (OTCMKTS:JRONY – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05, Zacks reports. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%.
Jeronimo Martins SGPS Trading Down 1.9%
JRONY stock traded down $0.76 during trading on Wednesday, hitting $39.54. The company had a trading volume of 7,917 shares, compared to its average volume of 30,313. The stock has a market cap of $12.44 billion, a PE ratio of 16.82, a PEG ratio of 1.89 and a beta of 0.77. The business has a 50-day moving average of $40.69 and a 200-day moving average of $43.83. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14. Jeronimo Martins SGPS has a one year low of $36.67 and a one year high of $52.97.
Analysts Set New Price Targets
JRONY has been the subject of a number of research reports. Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a research note on Monday, July 6th. They issued a “moderate buy” rating for the company. Barclays reaffirmed an “overweight” rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, August 10th. Jefferies Financial Group upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a report on Monday, September 21st. Finally, Zacks Research lowered shares of Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on JRONY
About Jeronimo Martins SGPS
Jerónimo Martins SGPS, SA is a Portugal-based food retail and distribution group with roots dating to 1792, when the original Jerónimo Martins grocery business was established in Lisbon. The company operates through retail, wholesale and food-service activities, serving consumers and business customers across Portugal, Poland and Colombia.
In Portugal, the group operates Pingo Doce supermarkets and Recheio cash-and-carry stores, which supply food retailers, restaurants and other professional customers.
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