Sendas Distribuidora (OTCMKTS:ASAIY) Issues Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Sendas Distribuidora (OTCMKTS:ASAIY) released its earnings results on Thursday. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10, Zacks reports. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%.

Sendas Distribuidora Price Performance

Shares of ASAIY traded down $0.27 on Thursday, reaching $8.34. The company’s stock had a trading volume of 4,785 shares, compared to its average volume of 28,640. The stock’s 50 day simple moving average is $8.20 and its two-hundred day simple moving average is $8.49. The stock has a market capitalization of $2.26 billion, a P/E ratio of 17.38, a PEG ratio of 0.14 and a beta of 0.66. Sendas Distribuidora has a 12-month low of $6.20 and a 12-month high of $10.35.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

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.