Jeronimo Martins SGPS (OTCMKTS:JRONY) Reaches New 12-Month Low – Here’s What Happened

Shares of Jeronimo Martins SGPS SA (OTCMKTS:JRONY) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $39.1801 and last traded at $39.28, with a volume of 7419 shares trading hands. The stock had previously closed at $39.42.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, June 15th. Zacks Research raised Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Jeronimo Martins SGPS Stock Down 0.5%

The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.35 and a beta of 0.79. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average price is $43.69 and its 200-day moving average price is $46.86.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). The firm had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.40 billion. Jeronimo Martins SGPS had a return on equity of 20.82% and a net margin of 1.75%. On average, sell-side analysts expect that Jeronimo Martins SGPS SA will post 2.91 earnings per share 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.