Jeronimo Martins SGPS (OTCMKTS:JRONY) Announces Quarterly Earnings Results

Jeronimo Martins SGPS (OTCMKTS:JRONY) issued its quarterly earnings results on Wednesday. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04), Zacks reports. Jeronimo Martins SGPS had a return on equity of 21.47% and a net margin of 1.80%.

Jeronimo Martins SGPS Stock Up 3.6%

Shares of JRONY traded up $1.67 during mid-day trading on Wednesday, hitting $47.70. 16,817 shares of the company’s stock were exchanged, compared to its average volume of 11,387. The company has a market cap of $15.01 billion, a PE ratio of 20.38, a P/E/G ratio of 1.52 and a beta of 0.84. Jeronimo Martins SGPS has a 52 week low of $45.66 and a 52 week high of $54.50. The company has a 50-day simple moving average of $48.95 and a 200 day simple moving average of $48.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.58 and a quick ratio of 0.33.

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.