Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Gap Up – Still a Buy?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) gapped up prior to trading 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 changing hands.

Jeronimo Martins SGPS Stock Up 1.5%

The business has a 50 day simple moving average of $49.32 and a 200 day simple moving average of $48.92. 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 market capitalization of $14.63 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.19 and a beta of 0.90.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its quarterly earnings results on Wednesday, March 18th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.16). The firm had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $11.02 billion. Jeronimo Martins SGPS had a net margin of 1.80% and a return on equity of 21.47%. As a group, equities analysts predict that Jeronimo Martins SGPS SA will post 2.13 earnings per share for the current fiscal 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.