JERONIMO MARTIN/ADR (JRONY) Stock Rating Lowered by Zacks Investment Research

JERONIMO MARTIN/ADR (OTCMKTS:JRONY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Jeronimo Martins SGPS SA is engaged in the distribution and production of food items and fast moving consumer goods through its retail and wholesale operations in Portugal and Poland. The Company carries its operations through its distribution, manufacturing and service segments. It operates mini-hyper and hypermarkets, supermarkets and cash and carry outlets, food service platforms and also manufactures margarines, soups, savory products, ice tea and cooking oils. The Company also represents and caterers products ranging from cosmetics to chocolates, ice-creams and confectionaries. It is also engaged in the development of a chain of coffee kiosks and restaurants. Jeronimo Martins SGPS SA is headquartered in Lisbon, Portugal. “

Separately, ValuEngine downgraded JERONIMO MARTIN/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th.

OTCMKTS JRONY opened at $30.05 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.39 and a debt-to-equity ratio of 0.13. The firm has a market cap of $9.64 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 3.58 and a beta of 1.09. JERONIMO MARTIN/ADR has a 52 week low of $27.21 and a 52 week high of $43.49.

JERONIMO MARTIN/ADR (OTCMKTS:JRONY) last posted its quarterly earnings data on Thursday, July 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $5.04 billion during the quarter, compared to analyst estimates of $4.99 billion. JERONIMO MARTIN/ADR had a net margin of 2.31% and a return on equity of 20.63%. analysts predict that JERONIMO MARTIN/ADR will post 1.55 EPS for the current fiscal year.

About JERONIMO MARTIN/ADR

Jerónimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through three segments: Food Distribution, Specialised Retail, and Agro Business. It operates 2,823 food stores under the Biedronka name; and a chain of 182 stores in the drugstore sector under the Hebe banner in Poland, as well as 389 food stores under the Ara name in Colombia.

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