Jeronimo Martins SGPS (OTCMKTS:JRONY) Sets New 1-Year High - Here's Why

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.15 and last traded at $54.15, with a volume of 6205 shares traded. The stock had previously closed at $54.08.

Analysts Set New Price Targets

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

Jeronimo Martins SGPS Stock Up 0.1%

The firm has a market capitalization of $17.04 billion, a PE ratio of 25.18, a PEG ratio of 1.50 and a beta of 0.83. The company has a fifty day simple moving average of $49.67 and a two-hundred day simple moving average of $44.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.33 and a current ratio of 0.60.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.05. Jeronimo Martins SGPS had a return on equity of 20.07% and a net margin of 1.87%. The firm had revenue of $8.81 billion during the quarter, compared to analysts' expectations of $9.19 billion. Analysts forecast that Jeronimo Martins SGPS SA will post 2.13 EPS for the current fiscal year.

Jeronimo Martins SGPS Cuts Dividend

The firm also recently declared 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 of this dividend was Monday, May 19th. Jeronimo Martins SGPS's dividend payout ratio (DPR) is presently 36.74%.

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.

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