Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Gap Down – What’s Next?

Shares of Jeronimo Martins SGPS SA (OTCMKTS:JRONY) gapped down prior to trading on Thursday. The stock had previously closed at $40.91, but opened at $38.19. Jeronimo Martins SGPS shares last traded at $38.19, with a volume of 280 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on JRONY. Zacks Research raised shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Royal Bank Of Canada started coverage on shares of Jeronimo Martins SGPS in a research note on Monday, July 6th. They issued a “moderate buy” rating on the stock. Jefferies Financial Group upgraded Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a research note on Monday, September 21st. Kepler Capital Markets raised Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jeronimo Martins SGPS has an average rating of “Buy”.

Jeronimo Martins SGPS Stock Performance

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 market capitalization of $12.55 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.63 and a beta of 0.79. The stock’s 50-day moving average is $40.79 and its 200-day moving average is $42.65.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.12. The firm had revenue of $10.67 billion for the quarter, compared to analysts’ expectations of $10.74 billion. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%. On average, analysts predict that Jeronimo Martins SGPS SA will post 2.69 EPS for the current fiscal year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins, SGPS, SA is a Portugal-based international food retail and distribution group. Founded in 1792, the company operates primarily through grocery retail, cash-and-carry distribution, and specialized retail businesses serving consumers and professional customers.

Its principal retail brand in Portugal is Pingo Doce, a supermarket chain offering food, beverages, household products, and related services. The group also operates Recheio, a cash-and-carry business that supplies restaurants, hotels, and other professional customers.