Sendas Distribuidora (OTCMKTS:ASAIY) Issues Earnings Results

Sendas Distribuidora (OTCMKTS:ASAIY) posted its quarterly earnings data on Friday. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01, Zacks reports. Sendas Distribuidora had a return on equity of 12.02% and a net margin of 1.27%.

Sendas Distribuidora Price Performance

Sendas Distribuidora stock traded up $0.33 during trading hours on Friday, hitting $7.96. The stock had a trading volume of 94,030 shares, compared to its average volume of 41,098. Sendas Distribuidora has a 1-year low of $6.20 and a 1-year high of $14.44. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.11 and a beta of 0.85. The stock’s fifty day moving average is $10.14 and its two-hundred day moving average is $8.87. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.12 and a quick ratio of 0.61.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA, which operates under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving consumers, small businesses, restaurants, and other commercial customers. The company sells food and beverage products, fresh produce, meat, dairy items, cleaning supplies, personal-care products, and general household merchandise.

Assaí’s wholesale-oriented stores combine retail and bulk purchasing formats, offering products in both consumer-sized packages and larger quantities.