Sendas Distribuidora (OTCMKTS:ASAIY) Announces Earnings Results

Sendas Distribuidora (OTCMKTS:ASAIY) released its quarterly earnings data on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10, Zacks reports. Sendas Distribuidora had a return on equity of 12.64% and a net margin of 1.27%.

Sendas Distribuidora Trading Down 3.7%

Shares of ASAIY traded down $0.31 during midday trading on Friday, reaching $8.03. The stock had a trading volume of 5,668 shares, compared to its average volume of 42,630. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 0.14 and a beta of 0.66. The company’s 50-day moving average is $8.18 and its 200 day moving average is $8.49. Sendas Distribuidora has a 12-month low of $6.20 and a 12-month high of $10.35.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

About Sendas Distribuidora

Sendas Distribuidora SA is a Brazilian retail and distribution company that operates in the grocery and consumer goods sector. The company’s core activities include operating retail outlets and managing distribution operations that supply food, beverages, household products and personal-care items to end consumers and commercial customers. Its business model centers on combining in-store retailing with logistics and supply-chain services to move fast‑moving consumer goods across its network.

Product categories handled by Sendas typically include fresh and packaged foods, dairy and frozen goods, beverages, cleaning and household supplies, and health and beauty products.