Jeronimo Martins SGPS (JRONY) Expected to Announce Quarterly Earnings on Wednesday

Jeronimo Martins SGPS (OTCMKTS:JRONY) is expected to be posting its results after the market closes on Wednesday, October 28th. Analysts expect the company to post earnings of $0.73 per share and revenue of $10.65 billion for the quarter.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.12. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%. The company had revenue of $10.67 billion during the quarter, compared to the consensus estimate of $10.74 billion. On average, analysts expect Jeronimo Martins SGPS to post $2.53 EPS for the current fiscal year and $3.02 EPS for the next fiscal year.

Jeronimo Martins SGPS Stock Performance

OTCMKTS JRONY opened at $41.19 on Wednesday. The company has a fifty day moving average of $40.62 and a two-hundred day moving average of $41.77. The company has a market capitalization of $12.96 billion, a PE ratio of 17.53, a P/E/G ratio of 1.91 and a beta of 0.77. Jeronimo Martins SGPS has a 1 year low of $36.67 and a 1 year high of $52.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JRONY. Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a research report on Monday, July 6th. They set a “moderate buy” rating on the stock. Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. Jefferies Financial Group upgraded Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a research note on Monday, September 21st. Finally, Kepler Capital Markets upgraded Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About Jeronimo Martins SGPS

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.