Metro Inc. to Issue Quarterly Dividend of $0.34 (TSE:MRU)

Metro Inc. (TSE:MRU) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.335 per share on Tuesday, June 4th. This represents a $1.34 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, May 14th.

Metro Trading Up 1.0 %

MRU opened at C$70.95 on Friday. Metro has a 12 month low of C$65.43 and a 12 month high of C$78.88. The stock has a market capitalization of C$16.11 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 2.12 and a beta of 0.04. The company has a debt-to-equity ratio of 65.71, a current ratio of 1.16 and a quick ratio of 0.41. The business has a fifty day moving average price of C$72.19 and a 200 day moving average price of C$70.61.

Metro (TSE:MRU) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.91. The company had revenue of C$4.66 billion during the quarter, compared to the consensus estimate of C$4.63 billion. Metro had a return on equity of 15.00% and a net margin of 4.81%. Sell-side analysts expect that Metro will post 4.2576393 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MRU. Desjardins boosted their target price on Metro from C$74.00 to C$75.00 and gave the company a “hold” rating in a report on Thursday. CIBC boosted their target price on Metro from C$76.00 to C$77.00 and gave the company a “neutral” rating in a report on Thursday. National Bankshares boosted their target price on Metro from C$80.00 to C$82.00 and gave the company a “sector perform” rating in a report on Thursday. Scotiabank reduced their target price on Metro from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a report on Monday. Finally, TD Securities boosted their target price on Metro from C$78.00 to C$80.00 in a report on Thursday. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$77.86.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.