Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Down 7.6% on Disappointing Earnings

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) traded down 7.6% during trading on Thursday after the company announced weaker than expected quarterly earnings. The company traded as low as $45.66 and last traded at $45.82. 10,180 shares were traded during mid-day trading, a decline of 33% from the average session volume of 15,248 shares. The stock had previously closed at $49.59.

The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.16). The company had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $11.02 billion. Jeronimo Martins SGPS had a return on equity of 21.47% and a net margin of 1.80%.

Jeronimo Martins SGPS Stock Performance

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 50 day simple moving average of $49.37 and a 200-day simple moving average of $48.95. The stock has a market cap of $14.42 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90.

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.