Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Gap Up – Here’s Why

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $45.82, but opened at $47.58. Jeronimo Martins SGPS shares last traded at $46.95, with a volume of 3,968 shares.

Jeronimo Martins SGPS Trading Up 2.4%

The firm has a market cap of $14.77 billion, a PE ratio of 20.06, a PEG ratio of 1.27 and a beta of 0.90. The company has a quick ratio of 0.33, a current ratio of 0.58 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $49.37 and its two-hundred day simple moving average is $48.95.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its earnings results on Wednesday, March 18th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.16). Jeronimo Martins SGPS had a net margin of 1.80% and a return on equity of 21.47%. The business had revenue of $11.01 billion for the quarter, compared to analysts’ expectations of $11.02 billion. On average, sell-side analysts forecast that Jeronimo Martins SGPS SA will post 2.13 EPS 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.