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

Shares of 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.

Jeronimo Martins SGPS Stock Performance

The company has a 50-day simple moving average of $49.37 and a two-hundred day simple moving average of $48.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.33 and a current ratio of 0.58. The firm has a market capitalization of $14.77 billion, a P/E ratio of 20.06, a PEG ratio of 1.27 and a beta of 0.90.

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

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.