Sendas Distribuidora (OTCMKTS:ASAIY) Issues Quarterly Earnings Results

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

Sendas Distribuidora Stock Performance

OTCMKTS ASAIY opened at $8.34 on Friday. Sendas Distribuidora has a 52 week low of $6.20 and a 52 week high of $10.35. The stock’s 50 day moving average price is $8.20 and its two-hundred day moving average price is $8.49. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 0.14 and a beta of 0.66.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average 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.