JERONIMO MARTIN/ADR (JRONY) Lowered to Sell at Zacks Investment Research
Zacks Investment Research downgraded shares of JERONIMO MARTIN/ADR (OTCMKTS:JRONY) from a hold rating to a sell rating in a research report report published on Tuesday.
According to Zacks, “Jeronimo Martins SGPS SA is engaged in the distribution and production of food items and fast moving consumer goods through its retail and wholesale operations in Portugal and Poland. The Company carries its operations through its distribution, manufacturing and service segments. It operates mini-hyper and hypermarkets, supermarkets and cash and carry outlets, food service platforms and also manufactures margarines, soups, savory products, ice tea and cooking oils. The Company also represents and caterers products ranging from cosmetics to chocolates, ice-creams and confectionaries. It is also engaged in the development of a chain of coffee kiosks and restaurants. Jeronimo Martins SGPS SA is headquartered in Lisbon, Portugal. “
Separately, ValuEngine cut shares of JERONIMO MARTIN/ADR from a hold rating to a sell rating in a report on Thursday, September 13th.
JERONIMO MARTIN/ADR (OTCMKTS:JRONY) last issued its earnings results on Thursday, July 26th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The firm had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $4.99 billion. JERONIMO MARTIN/ADR had a net margin of 2.31% and a return on equity of 20.63%. As a group, analysts predict that JERONIMO MARTIN/ADR will post 1.55 earnings per share for the current fiscal year.
About JERONIMO MARTIN/ADR
Jerónimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through three segments: Food Distribution, Specialised Retail, and Agro Business. It operates 2,823 food stores under the Biedronka name; and a chain of 182 stores in the drugstore sector under the Hebe banner in Poland, as well as 389 food stores under the Ara name in Colombia.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for JERONIMO MARTIN/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JERONIMO MARTIN/ADR and related companies with MarketBeat.com's FREE daily email newsletter.