Sendas Distribuidora (OTCMKTS:ASAIY) Releases Earnings Results, Beats Estimates By $0.01 EPS

Sendas Distribuidora (OTCMKTS:ASAIY) issued its quarterly earnings results on Friday. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01, Zacks reports. Sendas Distribuidora had a return on equity of 12.02% and a net margin of 1.27%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.81 billion.

Sendas Distribuidora Price Performance

ASAIY traded up $0.33 on Friday, hitting $7.96. 94,030 shares of the company were exchanged, compared to its average volume of 41,098. The business’s fifty day moving average is $10.14 and its 200 day moving average is $8.87. Sendas Distribuidora has a fifty-two week low of $6.20 and a fifty-two week high of $14.44. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.61 and a current ratio of 1.12. The firm has a market capitalization of $2.16 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 0.11 and a beta of 0.85.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA, which operates under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving consumers, small businesses, restaurants, and other commercial customers. The company sells food and beverage products, fresh produce, meat, dairy items, cleaning supplies, personal-care products, and general household merchandise.

Assaí’s wholesale-oriented stores combine retail and bulk purchasing formats, offering products in both consumer-sized packages and larger quantities.