Jeronimo Martins SGPS (OTCMKTS:JRONY) Raised to “Hold” at Zacks Research

Jeronimo Martins SGPS (OTCMKTS:JRONY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Jeronimo Martins SGPS Trading Down 0.9%

OTCMKTS:JRONY opened at $40.77 on Tuesday. The firm has a market cap of $12.83 billion, a P/E ratio of 17.28, a PEG ratio of 1.39 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 simple moving average is $45.52 and its 200-day simple moving average is $47.47. Jeronimo Martins SGPS has a 12-month low of $40.19 and a 12-month high of $54.50.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The company had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.40 billion. Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.82%. Equities analysts anticipate that Jeronimo Martins SGPS will post 2.91 EPS 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.