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

Shares of Jeronimo Martins SGPS SA (OTCMKTS:JRONY – Get Free Report) saw strong trading volume on Tuesday . 26,878 shares traded hands during mid-day trading, an increase of 68% from the previous session’s volume of 16,024 shares.The stock last traded at $42.70 and had previously closed at $43.5740.

Wall Street Analysts Forecast Growth

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

Get Jeronimo Martins SGPS alerts:

Check Out Our Latest Report on JRONY

Jeronimo Martins SGPS Trading Up 0.7%

The stock has a market cap of $13.45 billion, a PE ratio of 18.11, a PEG ratio of 1.44 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.33 and a current ratio of 0.58. The stock has a fifty day moving average price of $47.95 and a 200 day moving average price of $48.52.

Jeronimo Martins SGPS (OTCMKTS:JRONY – Get Free Report) last announced its 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). The company had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.40 billion. Jeronimo Martins SGPS had a return on equity of 21.29% and a net margin of 1.75%. Equities analysts expect that Jeronimo Martins SGPS SA will post 2.91 EPS for the current year.

Jeronimo Martins SGPS Company Profile

(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.

Featured Stories

• Five stocks we like better than Jeronimo Martins SGPS
• YETI Rallies After Earnings Beat and Raised Outlook
• How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
• Cisco’s Vertical Rally May Still Be in the Early Innings
• Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now

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.