Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Large Volume Increase – What’s Next?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) saw unusually-high trading volume on Monday . 41,804 shares were traded during mid-day trading, an increase of 79% from the previous session’s volume of 23,376 shares.The stock last traded at $37.95 and had previously closed at $38.26.

Wall Street Analyst Weigh In

JRONY has been the subject of a number of analyst reports. Zacks Research downgraded Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada assumed coverage on Jeronimo Martins SGPS in a report on Monday, July 6th. They set a “moderate buy” rating on the stock. Citigroup reiterated a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, June 15th. Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Finally, Kepler Capital Markets raised Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Jeronimo Martins SGPS presently has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Down 0.7%

The firm has a 50 day moving average price of $40.53 and a two-hundred day moving average price of $45.84. The company has a quick ratio of 0.35, a current ratio of 0.64 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.46 and a beta of 0.82.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The business had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.40 billion. Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.28%. As a group, sell-side analysts expect that Jeronimo Martins SGPS SA will post 2.74 earnings per share for the current 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.