Jeronimo Martins SGPS (OTCMKTS:JRONY) Raised to “Hold” at Zacks Research

Jeronimo Martins SGPS (OTCMKTS:JRONY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Jeronimo Martins SGPS Stock Down 0.9%

JRONY opened at $40.77 on Tuesday. The business’s fifty day moving average is $45.52 and its two-hundred day moving average is $47.47. 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 company has a market cap of $12.83 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.39 and a beta of 0.79. Jeronimo Martins SGPS has a one year low of $40.19 and a one year high of $54.50.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its earnings results on Wednesday, May 6th. The company reported $0.44 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 analysts’ expectations of $10.40 billion. Analysts anticipate that Jeronimo Martins SGPS will post 2.91 EPS for the current fiscal 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.