Citigroup upgraded shares of Jeronimo Martins SGPS (OTCMKTS:JRONY - Free Report) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.
Separately, BNP Paribas raised Jeronimo Martins SGPS from a "strong sell" rating to a "hold" rating in a research note on Friday, May 9th.
Check Out Our Latest Research Report on JRONY
Jeronimo Martins SGPS Price Performance
Shares of OTCMKTS:JRONY traded up $1.90 during trading hours on Tuesday, hitting $54.08. 1,657 shares of the company's stock traded hands, compared to its average volume of 9,147. The company's fifty day simple moving average is $49.67 and its two-hundred day simple moving average is $44.62. The company has a market cap of $17.01 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.50 and a beta of 0.83. 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 has a 52 week low of $32.68 and a 52 week high of $54.08.
Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last released its 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. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $9.19 billion. Jeronimo Martins SGPS had a net margin of 1.87% and a return on equity of 20.07%. As a group, equities analysts anticipate that Jeronimo Martins SGPS will post 2.13 EPS for the current fiscal year.
Jeronimo Martins SGPS Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were paid a $0.8932 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a yield of 1.83%. Jeronimo Martins SGPS's dividend payout ratio is currently 36.74%.
About Jeronimo Martins SGPS
(
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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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