Jeronimo Martins SGPS (OTCMKTS:JRONY) Announces Earnings Results

Key Points

• Jeronimo Martins SGPS reported quarterly earnings of $0.70 EPS, exceeding expectations by $0.08, although its revenue fell short at $10.23 billion against a forecast of $10.30 billion.
• The company announced a dividend of $0.8932, representing a yield of 183.0% with a payout ratio of 36.74%.
• Analyst ratings for Jeronimo Martins SGPS have improved, with BNP Paribas upgrading the stock to a "hold" and Citigroup boosting it to a "strong-buy."

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) released its earnings results on Friday. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.08, Zacks reports. The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $10.30 billion. Jeronimo Martins SGPS had a net margin of 1.78% and a return on equity of 20.75%.

Jeronimo Martins SGPS Stock Performance

Shares of JRONY traded up $0.20 during midday trading on Wednesday, reaching $49.42. The stock had a trading volume of 1,208 shares, compared to its average volume of 11,724. The firm has a 50 day simple moving average of $50.51 and a 200-day simple moving average of $46.57. Jeronimo Martins SGPS has a one year low of $34.74 and a one year high of $54.50. The firm has a market cap of $15.55 billion, a PE ratio of 23.20, a P/E/G ratio of 1.39 and a beta of 0.86. 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 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were given a $0.8932 dividend. This represents a dividend yield of 183.0%. The ex-dividend date of this dividend was Monday, May 19th. Jeronimo Martins SGPS's dividend payout ratio (DPR) is 37.09%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JRONY. BNP Paribas raised shares of Jeronimo Martins SGPS from a "strong sell" rating to a "hold" rating in a research report on Friday, May 9th. Citigroup raised shares of Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 1st.

About Jeronimo Martins SGPS

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.