Jeronimo Martins SGPS (OTCMKTS:JRONY) Sets New 52-Week Low – Here’s Why

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) reached a new 52-week low during trading on Friday . The company traded as low as $39.1801 and last traded at $39.28, with a volume of 7419 shares changing hands. The stock had previously closed at $39.42.

Wall Street Analysts Forecast Growth

JRONY has been the topic of a number of recent analyst reports. Zacks Research upgraded 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 research note on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Jeronimo Martins SGPS has a consensus rating of “Hold”.

Jeronimo Martins SGPS Price Performance

The company has a 50 day moving average of $43.48 and a 200 day moving average of $46.81. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 0.15. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.33 and a beta of 0.79.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its 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 business had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.40 billion. Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.82%. Equities research analysts predict that Jeronimo Martins SGPS SA will post 2.91 EPS for the current fiscal 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.