Jeronimo Martins SGPS (JRONY) Expected to Post Earnings on Wednesday

Jeronimo Martins SGPS (OTCMKTS:JRONY) is expected to be issuing its resultson Wednesday, July 29th. Analysts expect Jeronimo Martins SGPS to post earnings of $0.60 per share and revenue of $10.7545 billion for the quarter.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.40 billion. Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.28%. On average, analysts expect Jeronimo Martins SGPS to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Jeronimo Martins SGPS Price Performance

Shares of OTCMKTS JRONY opened at $37.58 on Wednesday. Jeronimo Martins SGPS has a fifty-two week low of $36.67 and a fifty-two week high of $52.97. The company has a market cap of $11.82 billion, a PE ratio of 15.92, a P/E/G ratio of 1.45 and a beta of 0.82. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64. The business has a 50-day simple moving average of $40.32 and a two-hundred day simple moving average of $45.70.

Wall Street Analysts Forecast Growth

JRONY has been the subject of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, June 15th. Royal Bank Of Canada assumed coverage on shares of Jeronimo Martins SGPS in a research report on Monday, July 6th. They set a “moderate buy” rating on the stock. Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Barclays restated an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Finally, Zacks Research downgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Jeronimo Martins SGPS presently has a consensus rating of “Moderate Buy”.

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.