Zacks Research Upgrades Jeronimo Martins SGPS (OTCMKTS:JRONY) to “Hold”

Jeronimo Martins SGPS (OTCMKTS:JRONY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Jeronimo Martins SGPS Stock Down 0.9%

Shares of OTCMKTS JRONY opened at $40.77 on Tuesday. The firm has a market capitalization of $12.83 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.39 and a beta of 0.79. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 0.15. Jeronimo Martins SGPS has a 1 year low of $40.19 and a 1 year high of $54.50. The firm’s 50-day moving average is $45.52 and its 200-day moving average is $47.47.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.04). Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.82%. The business had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.40 billion. Equities analysts expect that Jeronimo Martins SGPS will post 2.91 EPS for the current 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.