Zacks Research Downgrades Jeronimo Martins SGPS (OTCMKTS:JRONY) to Strong Sell

Jeronimo Martins SGPS (OTCMKTS:JRONY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada assumed coverage on Jeronimo Martins SGPS in a research note on Monday. They set a “moderate buy” rating for the company. Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, June 15th. Finally, Kepler Capital Markets upgraded Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Price Performance

Shares of OTCMKTS:JRONY opened at $37.67 on Wednesday. The firm has a 50 day moving average of $41.60 and a 200-day moving average of $46.25. Jeronimo Martins SGPS has a 12 month low of $36.67 and a 12 month high of $53.25. 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 has a market capitalization of $11.85 billion, a PE ratio of 15.96, a PEG ratio of 1.31 and a beta of 0.82.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted 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 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, equities research analysts predict that Jeronimo Martins SGPS will post 2.78 EPS 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.