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

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) reached a new 52-week low on Wednesday . The stock traded as low as $37.0112 and last traded at $37.02, with a volume of 768 shares changing hands. The stock had previously closed at $38.45.

Analysts Set New Price Targets

Several brokerages recently commented on JRONY. Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, June 15th. Zacks Research raised shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Finally, Royal Bank Of Canada began coverage on shares of Jeronimo Martins SGPS in a research report on Monday. They set a “moderate buy” rating on the stock. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Trading Down 4.4%

The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average is $42.01 and its 200-day moving average is $46.40. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.27 and a beta of 0.82.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). The firm 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%. Research analysts anticipate 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.