Metro (TSE:MRU) Issues Quarterly Earnings Results

Metro (TSE:MRU) posted its quarterly earnings data on Wednesday. The company reported C$0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.91, reports. The business had revenue of C$4.66 billion for the quarter, compared to the consensus estimate of C$4.63 billion. Metro had a net margin of 4.81% and a return on equity of 15.00%.

Metro Price Performance

Shares of MRU opened at C$70.92 on Friday. Metro has a 1-year low of C$65.43 and a 1-year high of C$78.88. The stock has a market cap of C$16.10 billion, a PE ratio of 16.23, a P/E/G ratio of 2.12 and a beta of 0.04. The firm has a 50-day simple moving average of C$72.19 and a two-hundred day simple moving average of C$70.61. The company has a debt-to-equity ratio of 65.71, a current ratio of 1.16 and a quick ratio of 0.41.

Metro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a dividend of $0.335 per share. 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’s payout ratio is currently 30.66%.

Wall Street Analysts Forecast Growth

MRU has been the topic of several research reports. TD Securities raised their price target on shares of Metro from C$78.00 to C$80.00 in a research note on Thursday. BMO Capital Markets raised their price target on shares of Metro from C$73.00 to C$75.00 in a research note on Wednesday, January 31st. Royal Bank of Canada decreased their price target on shares of Metro from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 31st. CIBC raised their price target on shares of Metro from C$76.00 to C$77.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Desjardins raised their price target on shares of Metro from C$74.00 to C$75.00 and gave the stock a “hold” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.