Jeronimo Martins SGPS (OTCMKTS:JRONY) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Key Points

• Jeronimo Martins SGPS beat earnings expectations, reporting quarterly EPS of $0.78 versus the consensus estimate of $0.73. The company posted a 1.73% net margin and 20.03% return on equity.
• Shares fell 2.0% to $39.50 in midday trading, with the stock remaining below its 50-day and 200-day moving averages and well below its 52-week high of $52.97.
• Analyst sentiment remains broadly positive but mixed: the stock has a consensus rating of “Moderate Buy”, based on one Strong Buy, four Buys and one Sell rating.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05, Zacks reports. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%.

Jeronimo Martins SGPS Trading Down 2.0%

Shares of Jeronimo Martins SGPS stock traded down $0.80 during midday trading on Wednesday, reaching $39.50. The company had a trading volume of 7,339 shares, compared to its average volume of 30,312. The stock has a fifty day moving average price of $40.69 and a 200 day moving average price of $43.83. Jeronimo Martins SGPS has a fifty-two week low of $36.67 and a fifty-two week high of $52.97. The firm has a market cap of $12.43 billion, a PE ratio of 16.81, a P/E/G ratio of 1.89 and a beta of 0.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35.

Analysts Set New Price Targets

A number of research firms have recently commented on JRONY. Zacks Research cut Jeronimo Martins SGPS from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 7th. Jefferies Financial Group raised Jeronimo Martins SGPS from a "hold" rating to a "buy" rating in a research note on Monday, September 21st. Kepler Capital Markets raised shares of Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 8th. Citigroup restated a "buy" rating on shares of Jeronimo Martins SGPS in a research note on Monday, August 10th. Finally, Barclays reiterated an "overweight" rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Jeronimo Martins SGPS Company Profile

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.

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