Jeronimo Martins SGPS (OTCMKTS:JRONY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Jeronimo Martins SGPS (OTCMKTS:JRONY) from a strong sell rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

Jeronimo Martins SGPS Trading Down 0.9%

Shares of JRONY stock opened at $40.77 on Tuesday. The stock’s fifty day moving average is $45.52 and its two-hundred day moving average is $47.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.37 and a current ratio of 0.62. The firm has a market capitalization of $12.83 billion, a P/E ratio of 17.28, a PEG ratio of 1.39 and a beta of 0.79. Jeronimo Martins SGPS has a fifty-two week low of $40.19 and a fifty-two week high of $54.50.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). The company had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.40 billion. Jeronimo Martins SGPS had a return on equity of 20.82% and a net margin of 1.75%. Research analysts expect that Jeronimo Martins SGPS will post 2.91 earnings per share for the current fiscal 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.