JERONIMO MARTIN/ADR (JRONY) Stock Rating Lowered by Zacks Investment Research
JERONIMO MARTIN/ADR (OTCMKTS:JRONY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “Jeronimo Martins SGPS SA is engaged in the distribution and production of food items and fast moving consumer goods through its retail and wholesale operations in Portugal and Poland. The Company carries its operations through its distribution, manufacturing and service segments. It operates mini-hyper and hypermarkets, supermarkets and cash and carry outlets, food service platforms and also manufactures margarines, soups, savory products, ice tea and cooking oils. The Company also represents and caterers products ranging from cosmetics to chocolates, ice-creams and confectionaries. It is also engaged in the development of a chain of coffee kiosks and restaurants. Jeronimo Martins SGPS SA is headquartered in Lisbon, Portugal. “
Separately, ValuEngine lowered JERONIMO MARTIN/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th.
JERONIMO MARTIN/ADR (OTCMKTS:JRONY) last issued its quarterly earnings results on Thursday, July 26th. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. JERONIMO MARTIN/ADR had a return on equity of 20.63% and a net margin of 2.31%. The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.99 billion. sell-side analysts predict that JERONIMO MARTIN/ADR will post 1.55 EPS for the current year.
JERONIMO MARTIN/ADR Company Profile
Jerónimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through three segments: Food Distribution, Specialised Retail, and Agro Business. It operates 2,823 food stores under the Biedronka name; and a chain of 182 stores in the drugstore sector under the Hebe banner in Poland, as well as 389 food stores under the Ara name in Colombia.
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