Jeronimo Martins SGPS SA (OTCMKTS:JRONY – Get Free Report) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 24,748 shares, an increase of 67.3% from the July 30th total of 14,792 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 43,255 shares, the short-interest ratio is presently 0.6 days.
Wall Street Analyst Weigh In
JRONY has been the subject of several research analyst reports. Kepler Capital Markets raised Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Zacks Research downgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Royal Bank Of Canada initiated coverage on shares of Jeronimo Martins SGPS in a research note on Monday, July 6th. They issued a “moderate buy” rating on the stock. Finally, Citigroup reiterated a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, August 10th. 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on Jeronimo Martins SGPS
Jeronimo Martins SGPS Trading Down 0.1%
Jeronimo Martins SGPS (OTCMKTS:JRONY – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.12. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%.The company had revenue of $10.67 billion for the quarter, compared to analyst estimates of $10.74 billion. Equities research analysts expect that Jeronimo Martins SGPS will post 2.69 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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