Jeronimo Martins SGPS (OTCMKTS:JRONY) Announces Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Jeronimo Martins SGPS (OTCMKTS:JRONY) announced its quarterly earnings results on Wednesday. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.12, Zacks reports. Jeronimo Martins SGPS had a return on equity of 20.28% and a net margin of 1.75%.

Jeronimo Martins SGPS Stock Performance

OTCMKTS JRONY traded up $1.48 on Wednesday, reaching $40.75. The stock had a trading volume of 10,829 shares, compared to its average volume of 24,300. The stock has a market cap of $12.82 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.49 and a beta of 0.82. Jeronimo Martins SGPS has a 12-month low of $36.67 and a 12-month high of $52.97. The business’s 50-day moving average price is $39.86 and its 200 day moving average price is $45.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on JRONY shares. Zacks Research cut Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a research report on Monday, July 6th. They set a “moderate buy” rating for the company. Kepler Capital Markets upgraded Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, June 15th. Finally, Barclays restated an “overweight” rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.