Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Trading volume increased 7% to approximately 25,776 shares, while the stock traded at $39.49 versus its previous close of $40.03.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating; coverage includes one Strong Buy, three Buys and one Sell.
• Jeronimo Martins reported quarterly EPS of $0.72, beating estimates of $0.60, though revenue of $10.67 billion fell slightly short of the $10.74 billion forecast.

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) shares saw an uptick in trading volume on Wednesday . Approximately 25,776 shares changed hands during mid-day trading, an increase of 7% from the previous session's volume of 24,166 shares.The stock last traded at $39.49 and had previously closed at $40.03.

Analyst Ratings Changes

A number of equities analysts have recently commented on JRONY shares. Barclays reissued an "overweight" rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a research report on Monday, July 6th. They issued a "moderate buy" rating on the stock. Kepler Capital Markets raised Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 8th. Citigroup reissued a "buy" rating on shares of Jeronimo Martins SGPS in a report on Monday. Finally, Zacks Research downgraded shares of Jeronimo Martins SGPS from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Jeronimo Martins SGPS presently has a consensus rating of "Moderate Buy".

Jeronimo Martins SGPS Stock Up 0.1%

The company has a market capitalization of $12.47 billion, a P/E ratio of 16.86, a PEG ratio of 1.60 and a beta of 0.80. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $39.32 and a 200 day moving average price of $44.79.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.12. The business had revenue of $10.67 billion for 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%. On average, research analysts anticipate that Jeronimo Martins SGPS SA will post 2.69 earnings per share for the current fiscal year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins SGPS is a Portugal-based corporate group engaged primarily in food distribution and retail. Through its flagship Pingo Doce banner in Portugal, the company operates a network of full-service supermarkets and convenience outlets offering fresh produce, grocery items, and private-label products. In addition, its cash-and-carry arm, Recheio, supplies wholesale and hospitality professionals with a broad range of food and non-food goods.

Beyond its home market, Jeronimo Martins has established a significant presence in Poland under the discount supermarket brand Biedronka.

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