Jeronimo Martins SGPS (JRONY) Projected to Announce Quarterly Earnings on Wednesday

Jeronimo Martins SGPS (OTCMKTS:JRONY) is expected to announce its results after the market closes on Wednesday, October 28th. Analysts expect Jeronimo Martins SGPS to post earnings of $0.73 per share and revenue of $10.66 billion for the quarter.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.60 by $0.12. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%. The firm had revenue of $10.67 billion for the quarter, compared to analysts’ expectations of $10.74 billion. On average, analysts expect Jeronimo Martins SGPS to post $2.53 EPS for the current fiscal year and $3.02 EPS for the next fiscal year.

Jeronimo Martins SGPS Price Performance

Shares of OTCMKTS JRONY opened at $40.28 on Tuesday. Jeronimo Martins SGPS has a twelve month low of $36.67 and a twelve month high of $52.97. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $40.66 and a two-hundred day moving average of $43.88. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.89 and a beta of 0.77.

Analysts Set New Price Targets

A number of analysts recently commented on JRONY shares. Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. Jefferies Financial Group upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a report on Monday, September 21st. Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada assumed coverage on shares of Jeronimo Martins SGPS in a research report on Monday, July 6th. They issued a “moderate buy” rating on the stock. Finally, Zacks Research cut Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Jeronimo Martins SGPS currently has a consensus rating of “Moderate Buy”.

About Jeronimo Martins SGPS

Jerónimo Martins SGPS, SA is a Portugal-based food retail and distribution group with roots dating to 1792, when the original Jerónimo Martins grocery business was established in Lisbon. The company operates through retail, wholesale and food-service activities, serving consumers and business customers across Portugal, Poland and Colombia.

In Portugal, the group operates Pingo Doce supermarkets and Recheio cash-and-carry stores, which supply food retailers, restaurants and other professional customers.