Sendas Distribuidora (OTCMKTS:ASAIY) Announces Earnings Results

Sendas Distribuidora (OTCMKTS:ASAIY) issued its earnings results on Friday. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01, Zacks reports. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.81 billion. Sendas Distribuidora had a return on equity of 12.02% and a net margin of 1.27%.

Sendas Distribuidora Stock Performance

Shares of ASAIY stock opened at $7.96 on Friday. Sendas Distribuidora has a 12-month low of $6.20 and a 12-month high of $14.44. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 0.12 and a beta of 0.85. The business has a 50 day simple moving average of $10.14 and a 200 day simple moving average of $8.87. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.12 and a quick ratio of 0.61.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently 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.