Jeronimo Martins SGPS (OTCMKTS:JRONY) Reaches New 1-Year Low – What’s Next?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $42.27 and last traded at $42.34, with a volume of 56595 shares changing hands. The stock had previously closed at $43.5740.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Jeronimo Martins SGPS currently has a consensus rating of “Hold”.

Jeronimo Martins SGPS Stock Up 0.7%

The company has a quick ratio of 0.33, a current ratio of 0.58 and a debt-to-equity ratio of 0.13. The company has a market cap of $13.45 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 1.44 and a beta of 0.84. The stock has a fifty day moving average price of $47.95 and a two-hundred day moving average price of $48.52.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.04). The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.40 billion. Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 21.29%. As a group, sell-side analysts expect that Jeronimo Martins SGPS SA will post 2.91 EPS 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.