Sendas Distribuidora (ASAI) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sendas Distribuidora in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ASAI shares.
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Sendas Distribuidora's stock was trading at $18.31 at the start of the year. Since then, ASAI stock has decreased by 38.8% and is now trading at $11.20.
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Sendas Distribuidora saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,370,000 shares, an increase of 124.7% from the August 31st total of 1,500,000 shares. Based on an average daily trading volume, of 576,200 shares, the short-interest ratio is presently 5.8 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 results on Wednesday, July, 26th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $3.23 billion for 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. Stockholders 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 an increase 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 0.68%. 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."

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 $11.20.

Sendas Distribuidora (NYSE:ASAI) has a market capitalization of $3.03 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.