Sendas Distribuidora (OTCMKTS:ASAIY) Issues Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Sendas Distribuidora (OTCMKTS:ASAIY) posted its quarterly earnings results on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10, Zacks reports. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%.

Sendas Distribuidora Price Performance

Sendas Distribuidora stock traded down $0.27 during trading hours on Thursday, reaching $8.34. The stock had a trading volume of 4,785 shares, compared to its average volume of 28,640. The company has a fifty day simple moving average of $8.20 and a 200-day simple moving average of $8.49. The stock has a market cap of $2.26 billion, a PE ratio of 17.38, a PEG ratio of 0.14 and a beta of 0.66. Sendas Distribuidora has a 52 week low of $6.20 and a 52 week high of $10.35.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA is a Brazilian retail and distribution company that operates in the grocery and consumer goods sector. The company’s core activities include operating retail outlets and managing distribution operations that supply food, beverages, household products and personal-care items to end consumers and commercial customers. Its business model centers on combining in-store retailing with logistics and supply-chain services to move fast?moving consumer goods across its network.

Product categories handled by Sendas typically include fresh and packaged foods, dairy and frozen goods, beverages, cleaning and household supplies, and health and beauty products.