Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Pass Above 50-Day Moving Average - Time to Sell?

Key Points

• Jeronimo Martins SGPS shares rose above their 50-day moving average, reaching $40.88 before closing at $40.61, compared with a 50-day average of $40.25.
• Analyst sentiment is broadly positive, with one Strong Buy, three Buy ratings and one Hold rating, producing a consensus “Buy” recommendation.
• The company exceeded quarterly EPS expectations, reporting $0.72 versus the $0.60 consensus, although revenue of $10.67 billion fell slightly short of analysts’ $10.74 billion forecast.

Shares of Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $40.25 and traded as high as $40.88. Jeronimo Martins SGPS shares last traded at $40.61, with a volume of 18,836 shares traded.

Wall Street Analysts Forecast Growth

JRONY has been the subject of several research analyst reports. Royal Bank Of Canada assumed coverage on shares of Jeronimo Martins SGPS in a research report on Monday, July 6th. They set a "moderate buy" rating for the company. Barclays restated 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 report on Tuesday, September 1st. Citigroup reiterated a "buy" rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. Finally, Kepler Capital Markets raised Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" 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 Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy".

Jeronimo Martins SGPS Price Performance

The stock has a market capitalization of $12.78 billion, a PE ratio of 17.28, a P/E/G ratio of 1.66 and a beta of 0.79. The firm's 50 day simple moving average is $40.25 and its 200 day simple moving average is $43.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35.

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

About Jeronimo Martins SGPS

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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