Jeronimo Martins SGPS (OTCMKTS:JRONY) Releases Earnings Results, Misses Expectations By $0.04 EPS

Jeronimo Martins SGPS (OTCMKTS:JRONY) announced its quarterly earnings results on Wednesday. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04), Zacks reports. Jeronimo Martins SGPS had a net margin of 1.80% and a return on equity of 21.47%.

Jeronimo Martins SGPS Stock Up 3.6%

JRONY stock traded up $1.67 during mid-day trading on Wednesday, hitting $47.70. 16,817 shares of the company were exchanged, compared to its average volume of 11,387. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.33 and a current ratio of 0.58. The firm has a market cap of $15.01 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.52 and a beta of 0.84. The firm’s 50 day simple moving average is $48.95 and its 200 day simple moving average is $48.67. Jeronimo Martins SGPS has a 1-year low of $45.66 and a 1-year high of $54.50.

Jeronimo Martins SGPS Company Profile

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.