J Sainsbury (LON:SBRY) Issues Quarterly Earnings Results

J Sainsbury (LON:SBRY) announced its quarterly earnings results on Thursday. The grocer reported GBX 10.30 earnings per share (EPS) for the quarter, Digital Look Earnings reports. J Sainsbury had a return on equity of 1.94% and a net margin of 0.42%.

J Sainsbury Stock Performance

LON SBRY traded up GBX 18.60 during trading hours on Thursday, reaching GBX 355.80. The company’s stock had a trading volume of 1,272,750,625 shares, compared to its average volume of 19,180,477. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36. The business has a 50-day simple moving average of GBX 326.59 and a 200 day simple moving average of GBX 300.19. J Sainsbury has a 52 week low of GBX 223.40 and a 52 week high of GBX 360.40. The stock has a market cap of £8.01 billion, a PE ratio of 34.88, a PEG ratio of 0.42 and a beta of 0.67.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of J Sainsbury in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 305.

About J Sainsbury

J Sainsbury plc is one of the UK’s leading food, general merchandise and clothing retailers.

Offering delicious, great quality food at competitive prices has been at the heart of what we do since we opened our first store in 1869. Today, inspiring and delighting our customers with tasty food remains our priority.