Jeronimo Martins SGPS (OTCMKTS:JRONY) Hits New 1-Year Low – Here’s Why

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) reached a new 52-week low during trading on Wednesday . The stock traded as low as $37.0112 and last traded at $37.02, with a volume of 768 shares trading hands. The stock had previously closed at $38.45.

Wall Street Analyst Weigh In

JRONY has been the topic of several analyst reports. Royal Bank Of Canada started coverage on Jeronimo Martins SGPS in a research note on Monday. They issued a “moderate buy” rating on the stock. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, June 15th. Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Finally, Zacks Research raised Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Price Performance

The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.27 and a beta of 0.82. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 0.15. The company’s 50 day simple moving average is $42.01 and its 200-day simple moving average is $46.40.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Jeronimo Martins SGPS had a return on equity of 20.82% and a net margin of 1.75%.The firm had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.40 billion. On average, equities research analysts predict that Jeronimo Martins SGPS SA will post 2.91 earnings per share 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.