Sendas Distribuidora (ASAI) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sendas Distribuidora in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ASAI shares.
View ASAI analyst ratings or view top-rated stocks.

Sendas Distribuidora's stock was trading at $18.31 at the start of the year. Since then, ASAI shares have decreased by 36.4% and is now trading at $11.64.
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Sendas Distribuidora saw a decrease in short interest in August. As of August 31st, there was short interest totaling 1,500,000 shares, a decrease of 27.9% from the August 15th total of 2,080,000 shares. Based on an average trading volume of 786,300 shares, the days-to-cover ratio is presently 1.9 days.
View Sendas Distribuidora's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our ASAI earnings forecast.

Sendas Distribuidora S.A. (NYSE:ASAI) posted its quarterly earnings data on Wednesday, July, 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The business earned $3.23 billion during the quarter, compared to analysts' expectations of $3.22 billion. Sendas Distribuidora had a trailing twelve-month return on equity of 23.17% and a net margin of 1.49%.

Sendas Distribuidora announced a -- dividend on Monday, April 17th. Shareholders of record on Monday, May 1st will be given a dividend of $0.0506 per share on Monday, July 3rd. This represents a yield of 1.1%. The ex-dividend date of this dividend is Friday, April 28th. This is a boost from the stock's previous -- dividend of $0.04.
Read our dividend analysis for ASAI.

Sendas Distribuidora (NYSE:ASAI) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.66%. The dividend payout ratio is 12.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASAI will have a dividend payout ratio of 7.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASAI.

Sendas Distribuidora trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASAI."

Sendas Distribuidora's stock is owned by a number of retail and institutional investors. Top institutional investors include Coronation Fund Managers Ltd. (2.83%), BlackRock Inc. (0.17%), Dimensional Fund Advisors LP (0.12%), BTG Pactual Global Asset Management Ltd (0.08%), O Brien Greene & Co. Inc (0.07%) and Fiera Capital Corp (0.06%).

Shares of ASAI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ASAI stock can currently be purchased for approximately $11.64.

Sendas Distribuidora (NYSE:ASAI) has a market capitalization of $3.15 billion and generates $10.56 billion in revenue each year. The company earns $236.31 million in net income (profit) each year or $0.66 on an earnings per share basis.

The company employs 73,898 workers across the globe.

The official website for the company is ri.assai.com.br. The company can be reached via phone at 55-11-3411-5042 or via email at ri.assai@assai.com.