Sendas Distribuidora (OTCMKTS:ASAIY) Issues Quarterly Earnings Results

Sendas Distribuidora (OTCMKTS:ASAIY) released its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.20), Zacks reports. Sendas Distribuidora had a return on equity of 16.29% and a net margin of 1.19%.

Sendas Distribuidora Stock Performance

Sendas Distribuidora stock traded up $0.15 during trading on Wednesday, reaching $8.90. The company had a trading volume of 37,150 shares, compared to its average volume of 24,013. Sendas Distribuidora has a 12-month low of $5.12 and a 12-month high of $10.67. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 4.32. The business’s 50 day moving average price is $7.43. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84.

Analyst Ratings Changes

Separately, Citigroup downgraded Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 27th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA is a Brazilian retail and distribution company that operates in the grocery and consumer goods sector. The company’s core activities include operating retail outlets and managing distribution operations that supply food, beverages, household products and personal-care items to end consumers and commercial customers. Its business model centers on combining in-store retailing with logistics and supply-chain services to move fast‑moving consumer goods across its network.

Product categories handled by Sendas typically include fresh and packaged foods, dairy and frozen goods, beverages, cleaning and household supplies, and health and beauty products.