Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Strong Trading Volume - Here's What Happened

Key Points

• Trading volume surged 460% to 130,954 shares, while Jeronimo Martins SGPS rose to $41.56 from a previous close of $40.61.
• Analyst sentiment is broadly positive: the stock carries a consensus “Buy” rating, including one Strong Buy, three Buy ratings and one Hold rating.
• The company beat quarterly earnings expectations, reporting $0.72 EPS versus $0.60 expected, although revenue of $10.67 billion came in slightly below the $10.74 billion estimate.

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) shares saw an uptick in trading volume on Monday . 130,954 shares changed hands during mid-day trading, an increase of 460% from the previous session's volume of 23,404 shares.The stock last traded at $41.56 and had previously closed at $40.61.

Analysts Set New Price Targets

Several research firms have commented on JRONY. Kepler Capital Markets raised Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 8th. Citigroup restated a "buy" rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. Barclays reiterated an "overweight" rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Zacks Research raised shares of Jeronimo Martins SGPS from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 1st. Finally, Royal Bank Of Canada assumed coverage on shares of Jeronimo Martins SGPS in a report on Monday, July 6th. They issued a "moderate buy" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy".

Jeronimo Martins SGPS Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35. The company has a 50 day moving average price of $40.25 and a 200 day moving average price of $43.15. The firm has a market cap of $13.01 billion, a PE ratio of 17.60, a PEG ratio of 1.62 and a beta of 0.79.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.12. The firm had revenue of $10.67 billion for the quarter, compared to analyst estimates of $10.74 billion. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%. Sell-side analysts expect that Jeronimo Martins SGPS SA will post 2.69 EPS for the current fiscal year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins SGPS, SA is a Portugal-based international food distribution and specialized retail group. The company operates supermarkets, discount stores, cash-and-carry outlets and specialty retail businesses, serving consumers and professional customers through a portfolio of established brands.

In Portugal, Jerónimo Martins operates Pingo Doce supermarkets and Recheio cash-and-carry stores, along with specialty businesses including Hussel confectionery shops and Jeronymo cafés.

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