Jeronimo Martins SGPS (OTCMKTS:JRONY) Releases Earnings Results, Beats Estimates By $0.05 EPS

Jeronimo Martins SGPS (OTCMKTS:JRONY) released its quarterly earnings data on Wednesday. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.73 by $0.05, Zacks reports. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%. The firm had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $10.66 billion.

Jeronimo Martins SGPS Stock Performance

JRONY stock opened at $39.47 on Thursday. The stock’s 50 day simple moving average is $40.68 and its 200 day simple moving average is $43.78. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14. Jeronimo Martins SGPS has a 12-month low of $36.67 and a 12-month high of $52.97. The stock has a market capitalization of $12.42 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.89 and a beta of 0.77.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Jeronimo Martins SGPS in a research report on Monday, July 6th. They issued a “moderate buy” rating on the stock. Barclays reaffirmed an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Jefferies Financial Group upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a report on Monday, September 21st. Kepler Capital Markets raised shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Zacks Research lowered Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Jeronimo Martins SGPS currently has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Company Profile

Jerónimo Martins SGPS, SA is a Portugal-based food retail and distribution group with roots dating to 1792, when the original Jerónimo Martins grocery business was established in Lisbon. The company operates through retail, wholesale and food-service activities, serving consumers and business customers across Portugal, Poland and Colombia.

In Portugal, the group operates Pingo Doce supermarkets and Recheio cash-and-carry stores, which supply food retailers, restaurants and other professional customers.