Sendas Distribuidora (OTCMKTS:ASAIY) Posts Quarterly Earnings Results, Misses Estimates By $0.20 EPS

Sendas Distribuidora (OTCMKTS:ASAIY) released its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.20), Zacks reports. Sendas Distribuidora had a net margin of 0.64% and a return on equity of 8.94%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.93 billion.

Sendas Distribuidora Trading Down 1.3%

Shares of ASAIY stock traded down $0.12 during trading hours on Friday, reaching $9.22. 792 shares of the company’s stock were exchanged, compared to its average volume of 32,017. Sendas Distribuidora has a fifty-two week low of $5.12 and a fifty-two week high of $10.67. The business’s 50 day moving average price is $7.44. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32. The stock has a market cap of $2.50 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 0.61 and a beta of 0.84.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Citigroup cut Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 27th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Sendas Distribuidora presently has an average rating of “Reduce”.

About Sendas Distribuidora

Sendas Distribuidora SA is a Brazilian retail and distribution company that operates in the grocery and consumer goods sector. The company’s core activities include operating retail outlets and managing distribution operations that supply food, beverages, household products and personal-care items to end consumers and commercial customers. Its business model centers on combining in-store retailing with logistics and supply-chain services to move fast‑moving consumer goods across its network.

Product categories handled by Sendas typically include fresh and packaged foods, dairy and frozen goods, beverages, cleaning and household supplies, and health and beauty products.