Sendas Distribuidora (OTCMKTS:ASAIY) Announces Earnings Results

Sendas Distribuidora (OTCMKTS:ASAIY) announced its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.20), Zacks reports. Sendas Distribuidora had a net margin of 1.19% and a return on equity of 16.29%.

Sendas Distribuidora Price Performance

Shares of OTCMKTS ASAIY opened at $8.90 on Thursday. The business’s 50-day simple moving average is $7.43. The stock has a market cap of $2.41 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. Sendas Distribuidora has a 1 year low of $5.12 and a 1 year high of $10.67. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 27th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

About Sendas Distribuidora

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.