Jeronimo Martins SGPS SA – (OTCMKTS:JRONY) – Equities research analysts at Jefferies Group dropped their FY2018 earnings per share (EPS) estimates for Jeronimo Martins SGPS in a research note issued on Tuesday, April 10th. Jefferies Group analyst J. Grzinic now anticipates that the company will post earnings of $1.67 per share for the year, down from their prior estimate of $1.75. Jefferies Group also issued estimates for Jeronimo Martins SGPS’s FY2019 earnings at $1.85 EPS.
Several other brokerages have also recently weighed in on JRONY. Zacks Investment Research upgraded Jeronimo Martins SGPS from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Saturday, January 13th. ValuEngine cut Jeronimo Martins SGPS from a “buy” rating to a “hold” rating in a report on Monday, April 2nd.
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About Jeronimo Martins SGPS
Jeronimo Martins SGPS SA is a Portugal-based company engaged in the food retail sector. The Company’s activities are divided into three business segments: Portugal Retail, which comprises operation of Pingo Doce supermarkets; Portugal Cash & Carry, which includes the wholesale business unit Recheio, and Poland Retail, which operates a network of supermarkets under the Biedronka brand name.
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