Sendas Distribuidora (OTCMKTS:ASAIY) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Sendas Distribuidora (OTCMKTS:ASAIY) released its earnings results on Friday. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01, Zacks reports. Sendas Distribuidora had a return on equity of 12.02% and a net margin of 1.27%.

Sendas Distribuidora Stock Up 4.3%

OTCMKTS:ASAIY traded up $0.33 during mid-day trading on Friday, hitting $7.96. 94,030 shares of the company’s stock traded hands, compared to its average volume of 41,098. The company has a fifty day moving average of $10.14 and a 200 day moving average of $8.87. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.61 and a current ratio of 1.12. Sendas Distribuidora has a twelve month low of $6.20 and a twelve month high of $14.44. The company has a market capitalization of $2.16 billion, a P/E ratio of 14.44, a P/E/G ratio of 0.11 and a beta of 0.85.

Analysts Set New Price Targets

Separately, Zacks Research raised Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA, which operates under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving consumers, small businesses, restaurants, and other commercial customers. The company sells food and beverage products, fresh produce, meat, dairy items, cleaning supplies, personal-care products, and general household merchandise.

Assaí’s wholesale-oriented stores combine retail and bulk purchasing formats, offering products in both consumer-sized packages and larger quantities.