Jeronimo Martins SGPS (OTCMKTS:JRONY) Sets New 1-Year Low – Here’s Why

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $39.60 and last traded at $39.62, with a volume of 535 shares changing hands. The stock had previously closed at $40.84.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Zacks Research raised shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Jeronimo Martins SGPS Price Performance

The stock’s fifty day moving average price is $44.81 and its 200-day moving average price is $47.18. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.38 and a beta of 0.79. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 0.15.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The firm had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.40 billion. Jeronimo Martins SGPS had a return on equity of 20.82% and a net margin of 1.75%. As a group, equities research analysts forecast that Jeronimo Martins SGPS SA will post 2.91 earnings per share for the current fiscal 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.