Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Jeronimo Martins SGPS has a consensus “Buy” rating from six analysts: four rate it Buy, one Hold, and one Strong Buy. Recent coverage includes upgrades from Jefferies and Kepler Capital Markets.
• The stock rose to $41.85, while remaining below its 52-week high of $52.97; its market capitalization is approximately $13.17 billion.
• The company reported quarterly EPS of $0.72, beating the $0.60 analyst consensus, although revenue of $10.67 billion fell slightly short of estimates. Analysts expect full-year EPS of $2.69.

Shares of Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) have received an average recommendation of "Buy" from the six ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company.

A number of research analysts have recently commented on the company. Citigroup reiterated a "buy" rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. Royal Bank Of Canada initiated coverage on shares of Jeronimo Martins SGPS in a research report on Monday, July 6th. They issued a "moderate buy" rating on the stock. Barclays reaffirmed an "overweight" rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Jefferies Financial Group raised shares of Jeronimo Martins SGPS to a "buy" rating in a research note on Monday. Finally, Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 8th.

Jeronimo Martins SGPS Price Performance

Shares of Jeronimo Martins SGPS stock traded up $1.24 during trading on Monday, reaching $41.85. 145,787 shares of the stock traded hands, compared to its average volume of 24,169. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.62 and a beta of 0.79. The business has a fifty day simple moving average of $40.25 and a two-hundred day simple moving average of $43.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35. Jeronimo Martins SGPS has a 52-week low of $36.67 and a 52-week high of $52.97.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.12. The company had revenue of $10.67 billion during the quarter, compared to analyst estimates of $10.74 billion. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%. Sell-side analysts expect that Jeronimo Martins SGPS will post 2.69 EPS for the current year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins SGPS, SA is a Portugal-based international food distribution and specialized retail group. The company operates supermarkets, discount stores, cash-and-carry outlets and specialty retail businesses, serving consumers and professional customers through a portfolio of established brands.

In Portugal, Jerónimo Martins operates Pingo Doce supermarkets and Recheio cash-and-carry stores, along with specialty businesses including Hussel confectionery shops and Jeronymo cafés.

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