Jeronimo Martins SGPS (OTCMKTS:JRONY) Lowered to “Strong Sell” Rating by Zacks Research

Jeronimo Martins SGPS (OTCMKTS:JRONY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Jeronimo Martins SGPS Price Performance

Shares of OTCMKTS:JRONY opened at $42.34 on Monday. Jeronimo Martins SGPS has a 1-year low of $42.27 and a 1-year high of $54.50. The firm has a market capitalization of $13.32 billion, a PE ratio of 17.94, a PEG ratio of 1.48 and a beta of 0.84. The business’s 50 day moving average is $48.28 and its 200-day moving average is $48.58. The company has a current ratio of 0.58, a quick ratio of 0.33 and a debt-to-equity ratio of 0.13.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). The firm had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.40 billion. Jeronimo Martins SGPS had a return on equity of 21.29% and a net margin of 1.75%. Sell-side analysts predict that Jeronimo Martins SGPS will post 2.91 earnings per share for the current year.

Jeronimo Martins SGPS Company Profile

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.