Jeronimo Martins SGPS (OTCMKTS:JRONY) Announces Earnings Results

Jeronimo Martins SGPS (OTCMKTS:JRONY) posted its earnings results on Wednesday. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.60 by $0.12, Zacks reports. The firm had revenue of $10.67 billion for the quarter, compared to analysts’ expectations of $10.74 billion. Jeronimo Martins SGPS had a return on equity of 20.28% and a net margin of 1.75%.

Jeronimo Martins SGPS Trading Up 3.6%

OTCMKTS JRONY opened at $40.68 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64. Jeronimo Martins SGPS has a twelve month low of $36.67 and a twelve month high of $52.97. The firm’s 50 day moving average price is $39.80 and its two-hundred day moving average price is $45.29. The stock has a market cap of $12.80 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.52 and a beta of 0.82.

Analyst Ratings Changes

A number of research firms recently issued reports on JRONY. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, June 15th. Kepler Capital Markets raised shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada started coverage on shares of Jeronimo Martins SGPS in a report on Monday, July 6th. They issued a “moderate buy” rating on the stock. Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Finally, Zacks Research cut shares of Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.