Jeronimo Martins SGPS (OTCMKTS:JRONY) Reaches New 52-Week High - Should You Buy?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $52.40 and last traded at $52.40, with a volume of 283 shares changing hands. The stock had previously closed at $50.52.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on JRONY shares. Citigroup raised Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. BNP Paribas raised Jeronimo Martins SGPS from a "strong sell" rating to a "hold" rating in a report on Friday, May 9th.

Jeronimo Martins SGPS Stock Up 3.6%

The firm has a market capitalization of $17.01 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 1.46 and a beta of 0.83. The firm has a fifty day moving average price of $49.45 and a 200 day moving average price of $44.31. The company has a current ratio of 0.60, a quick ratio of 0.33 and a debt-to-equity ratio of 0.15.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. Jeronimo Martins SGPS had a net margin of 1.87% and a return on equity of 20.07%. The business had revenue of $8.81 billion for the quarter, compared to analysts' expectations of $9.19 billion. Sell-side analysts anticipate that Jeronimo Martins SGPS SA will post 2.13 EPS for the current fiscal year.

Jeronimo Martins SGPS Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th were paid a $0.8932 dividend. This represents a yield of 1.83%. The ex-dividend date was Monday, May 19th. Jeronimo Martins SGPS's payout ratio is 36.74%.

Jeronimo Martins SGPS Company Profile

Jerónimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through Portugal Retail; Portugal Cash & Carry; Poland Retail; Colombia Retail; and Others, Eliminations and Adjustments segments. It operates food stores under the Biedronka name; and a chain of health and beauty stores under the Hebe banner in Poland, as well as food stores under the Ara name in Colombia.