Jeronimo Martins SGPS (OTCMKTS:JRONY) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Jeronimo Martins SGPS (OTCMKTS:JRONY) announced its quarterly earnings results on Wednesday. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05, Zacks reports. The business had revenue of $10.61 billion during the quarter, compared to the consensus estimate of $10.66 billion. Jeronimo Martins SGPS had a net margin of 1.55% and a return on equity of 19.74%.

Jeronimo Martins SGPS Price Performance

OTCMKTS JRONY traded up $1.76 on Friday, reaching $41.23. 838 shares of the stock traded hands, compared to its average volume of 30,303. The firm’s fifty day simple moving average is $40.70 and its 200 day simple moving average is $43.74. The company has a market cap of $12.97 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 1.81 and a beta of 0.77. The company has a quick ratio of 0.35, a current ratio of 0.64 and a debt-to-equity ratio of 0.14. Jeronimo Martins SGPS has a 12 month low of $36.67 and a 12 month high of $52.97.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JRONY. Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada started coverage on shares of Jeronimo Martins SGPS in a report on Monday, July 6th. They issued a “moderate buy” rating on the stock. Zacks Research cut shares of Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 7th. Jefferies Financial Group upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a report on Monday, September 21st. Finally, Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About Jeronimo Martins SGPS

Jerónimo Martins SGPS, SA is a Portugal-based food retail and distribution group with roots dating to 1792, when the original Jerónimo Martins grocery business was established in Lisbon. The company operates through retail, wholesale and food-service activities, serving consumers and business customers across Portugal, Poland and Colombia.

In Portugal, the group operates Pingo Doce supermarkets and Recheio cash-and-carry stores, which supply food retailers, restaurants and other professional customers.