Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Short Interest Update

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 24,991 shares, a decline of 40.2% from the August 31st total of 41,780 shares. Based on an average daily trading volume, of 40,207 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

Jeronimo Martins SGPS Price Performance

Shares of OTCMKTS JRONY traded down $1.19 during trading on Thursday, hitting $39.63. The company had a trading volume of 388,332 shares, compared to its average volume of 29,280. The company has a market cap of $12.47 billion, a P/E ratio of 16.86, a PEG ratio of 1.63 and a beta of 0.79. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64. The business’s 50-day moving average is $40.79 and its 200 day moving average is $42.65. Jeronimo Martins SGPS has a 52 week low of $36.67 and a 52 week high of $52.97.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.12. The company had revenue of $10.67 billion during the quarter, compared to analyst estimates of $10.74 billion. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%. Equities research analysts predict that Jeronimo Martins SGPS will post 2.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on JRONY. Citigroup reiterated a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, August 10th. Royal Bank Of Canada initiated coverage on Jeronimo Martins SGPS in a research note on Monday, July 6th. They set a “moderate buy” rating for the company. Zacks Research upgraded shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Kepler Capital Markets raised Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins, SGPS, SA is a Portugal-based international food retail and distribution group. Founded in 1792, the company operates primarily through grocery retail, cash-and-carry distribution, and specialized retail businesses serving consumers and professional customers.

Its principal retail brand in Portugal is Pingo Doce, a supermarket chain offering food, beverages, household products, and related services. The group also operates Recheio, a cash-and-carry business that supplies restaurants, hotels, and other professional customers.