Jeronimo Martins SGPS (OTCMKTS:JRONY – Get Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.
Other equities research analysts have also recently issued research reports about the company. Citigroup restated a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, June 15th. Kepler Capital Markets upgraded Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Finally, Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a research note on Monday. They issued a “moderate buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.
Check Out Our Latest Report on Jeronimo Martins SGPS
Jeronimo Martins SGPS Stock Performance
Jeronimo Martins SGPS (OTCMKTS:JRONY – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.44 EPS 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 analysts’ expectations of $10.40 billion. Jeronimo Martins SGPS had a return on equity of 20.82% and a net margin of 1.75%. On average, equities analysts expect that Jeronimo Martins SGPS will post 2.78 EPS for the current year.
Jeronimo Martins SGPS Company Profile
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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