Jeronimo Martins SGPS SA (OTCMKTS:JRONY – Get 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”.
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Jeronimo Martins SGPS Stock Performance
Jeronimo Martins SGPS (OTCMKTS:JRONY – Get 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
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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