Jeronimo Martins SGPS (OTCMKTS:JRONY) Lowered to “Strong Sell” Rating by Zacks Research

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

Jeronimo Martins SGPS Trading Down 2.8%

Jeronimo Martins SGPS stock opened at $42.34 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.58 and a quick ratio of 0.33. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.48 and a beta of 0.84. Jeronimo Martins SGPS has a one year low of $42.27 and a one year high of $54.50. The company’s fifty day moving average price is $48.28 and its two-hundred day moving average price is $48.58.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its 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 business 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 21.29% and a net margin of 1.75%. On average, analysts forecast that Jeronimo Martins SGPS will post 2.91 earnings per share for the current fiscal year.

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.