Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Gap Down – Here’s What Happened

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $48.61, but opened at $46.95. Jeronimo Martins SGPS shares last traded at $46.97, with a volume of 496 shares changing hands.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Jeronimo Martins SGPS currently has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Price Performance

The firm has a market cap of $14.96 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.12 and a beta of 0.91. The business has a fifty day simple moving average of $48.29 and a 200 day simple moving average of $49.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.58 and a quick ratio of 0.33.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $10.66 billion for the quarter, compared to analyst estimates of $10.61 billion. Jeronimo Martins SGPS had a return on equity of 21.15% and a net margin of 1.83%. As a group, equities analysts forecast that Jeronimo Martins SGPS SA will post 2.13 EPS for the current fiscal year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins SGPS is a Portugal-based corporate group engaged primarily in food distribution and retail. Through its flagship Pingo Doce banner in Portugal, the company operates a network of full-service supermarkets and convenience outlets offering fresh produce, grocery items, and private-label products. In addition, its cash-and-carry arm, Recheio, supplies wholesale and hospitality professionals with a broad range of food and non-food goods.

Beyond its home market, Jeronimo Martins has established a significant presence in Poland under the discount supermarket brand Biedronka.