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

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $37.7851 and last traded at $37.90, with a volume of 19992 shares. The stock had previously closed at $38.25.

Analysts Set New Price Targets

Several analysts have recently commented on JRONY shares. Zacks Research upgraded Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. Citigroup reiterated a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, June 15th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Jeronimo Martins SGPS currently has an average rating of “Hold”.

Jeronimo Martins SGPS Stock Down 0.9%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.37 and a current ratio of 0.62. The firm’s 50-day moving average is $42.81 and its two-hundred day moving average is $46.64. The stock has a market cap of $11.93 billion, a P/E ratio of 16.06, a PEG ratio of 1.30 and a beta of 0.79.

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

About Jeronimo Martins SGPS

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.