Jeronimo Martins SGPS (JRONY) Expected to Announce Quarterly Earnings on Wednesday

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) is projected to issue its results after the market closes on Wednesday, October 28th. Analysts expect Jeronimo Martins SGPS to post earnings of $0.73 per share and revenue of $10.65 billion for the quarter.

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 for the quarter, beating 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 net margin of 1.73% and a return on equity of 20.03%. On average, analysts expect Jeronimo Martins SGPS to post $2.53 EPS for the current fiscal year and $3.02 EPS for the next fiscal year.

Jeronimo Martins SGPS Price Performance

Jeronimo Martins SGPS stock opened at $41.19 on Wednesday. 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 company has a fifty day simple moving average of $40.62 and a 200-day simple moving average of $41.77. The stock has a market cap of $12.96 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Jeronimo Martins SGPS has a 12-month low of $36.67 and a 12-month high of $52.97.

Analyst Ratings Changes

JRONY has been the topic of a number of analyst reports. Citigroup restated a "buy" rating on shares of Jeronimo Martins SGPS in a research note on Monday, August 10th. Royal Bank Of Canada assumed coverage on Jeronimo Martins SGPS in a report on Monday, July 6th. They set a "moderate buy" rating for the company. Kepler Capital Markets raised Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 8th. Zacks Research cut Jeronimo Martins SGPS from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 7th. Finally, Jefferies Financial Group upgraded Jeronimo Martins SGPS from a "hold" rating to a "buy" rating in a report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Jeronimo Martins SGPS presently has an average rating of "Moderate Buy".

About Jeronimo Martins SGPS

Jerónimo Martins SGPS, SA is a Portugal-based food retail and distribution group with roots dating to 1792, when the original Jerónimo Martins grocery business was established in Lisbon. The company operates through retail, wholesale and food-service activities, serving consumers and business customers across Portugal, Poland and Colombia.

In Portugal, the group operates Pingo Doce supermarkets and Recheio cash-and-carry stores, which supply food retailers, restaurants and other professional customers.

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