Jeronimo Martins SGPS (OTCMKTS:JRONY) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Jeronimo Martins SGPS (OTCMKTS:JRONY) released its quarterly earnings data on Wednesday. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.12, Zacks reports. Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.28%.

Jeronimo Martins SGPS Stock Up 5.0%

Shares of JRONY stock traded up $1.96 during trading hours on Wednesday, reaching $41.23. 12,549 shares of the company’s stock were exchanged, compared to its average volume of 24,300. Jeronimo Martins SGPS has a fifty-two week low of $36.67 and a fifty-two week high of $52.97. The stock’s 50 day moving average is $39.86 and its 200-day moving average is $45.35. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14. The company has a market cap of $12.97 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.49 and a beta of 0.82.

Analysts Set New Price Targets

JRONY has been the topic of a number of analyst reports. Kepler Capital Markets raised Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada started coverage on shares of Jeronimo Martins SGPS in a research note on Monday, July 6th. They set a “moderate buy” rating on the stock. Zacks Research lowered shares of Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Barclays restated an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Finally, Citigroup reaffirmed 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 Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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.