Sendas Distribuidora (OTCMKTS:ASAIY) Issues Quarterly Earnings Results

Sendas Distribuidora (OTCMKTS:ASAIY) announced its quarterly earnings data on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10, Zacks reports. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%.

Sendas Distribuidora Stock Down 3.1%

Sendas Distribuidora stock traded down $0.27 during midday trading on Thursday, reaching $8.34. 4,785 shares of the stock traded hands, compared to its average volume of 42,603. The stock’s fifty day moving average is $8.20 and its 200-day moving average is $8.49. Sendas Distribuidora has a 12 month low of $6.20 and a 12 month high of $10.35. The stock has a market cap of $2.26 billion, a P/E ratio of 30.75, a PEG ratio of 0.14 and a beta of 0.66.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce”.

About Sendas Distribuidora

Sendas Distribuidora SA is a Brazilian retail and distribution company that operates in the grocery and consumer goods sector. The company’s core activities include operating retail outlets and managing distribution operations that supply food, beverages, household products and personal-care items to end consumers and commercial customers. Its business model centers on combining in-store retailing with logistics and supply-chain services to move fast‑moving consumer goods across its network.

Product categories handled by Sendas typically include fresh and packaged foods, dairy and frozen goods, beverages, cleaning and household supplies, and health and beauty products.