Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Price Down 7.6% After Earnings Miss

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s share price dropped 7.6% during trading on Thursday following a dissappointing earnings announcement. The company traded as low as $45.66 and last traded at $45.82. Approximately 10,180 shares were traded during trading, a decline of 33% from the average daily volume of 15,248 shares. The stock had previously closed at $49.59.

The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.16). Jeronimo Martins SGPS had a net margin of 1.83% and a return on equity of 21.15%. The company had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $11.02 billion.

Jeronimo Martins SGPS Price Performance

The company has a market capitalization of $14.53 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The company has a quick ratio of 0.33, a current ratio of 0.58 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average is $49.44 and its 200-day moving average is $48.97.

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.