Jeronimo Martins SGPS (OTCMKTS:JRONY) Sets New 12-Month Low – What’s Next?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $42.27 and last traded at $42.34, with a volume of 56595 shares changing hands. The stock had previously closed at $43.5740.

Jeronimo Martins SGPS Stock Performance

The company has a market capitalization of $13.32 billion, a PE ratio of 17.94, a PEG ratio of 1.48 and a beta of 0.84. The company has a current ratio of 0.58, a quick ratio of 0.33 and a debt-to-equity ratio of 0.13. The firm’s 50-day simple moving average is $48.28 and its 200-day simple moving average is $48.58.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.40 billion. Jeronimo Martins SGPS had a return on equity of 21.29% and a net margin of 1.75%. On average, research analysts predict that Jeronimo Martins SGPS SA will post 2.91 earnings per share for the current 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.