Metro (TSE:MRU) Announces Earnings Results

Metro (TSE:MRU) released its quarterly earnings data on Wednesday. The company reported C$1.11 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$5.11 billion for the quarter. Metro had a return on equity of 13.93% and a net margin of 4.44%.

Metro Stock Performance

Metro stock opened at C$91.12 on Wednesday. The business has a 50 day moving average of C$95.44 and a 200-day moving average of C$96.33. Metro has a 1 year low of C$89.64 and a 1 year high of C$109.20. The company has a debt-to-equity ratio of 69.33, a current ratio of 1.42 and a quick ratio of 0.41. The company has a market capitalization of C$19.42 billion, a P/E ratio of 20.16, a P/E/G ratio of 4.06 and a beta of 0.34.

Insider Buying and Selling at Metro

In related news, insider Genevi�Ve Bich sold 4,418 shares of Metro stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$91.13, for a total transaction of C$402,612.34. Following the sale, the insider directly owned 35,677 shares in the company, valued at C$3,251,245.01. This trade represents a 11.02% decrease in their position. Also, insider Paolo Bravi sold 2,430 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of C$91.46, for a total transaction of C$222,247.80. Following the sale, the insider directly owned 19,730 shares in the company, valued at C$1,804,505.80. The trade was a 10.97% decrease in their ownership of the stock. Insiders have sold 11,844 shares of company stock valued at $1,096,119 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on MRU shares. Royal Bank Of Canada increased their price target on shares of Metro from C$112.00 to C$113.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. TD Securities dropped their price objective on Metro from C$118.00 to C$113.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Desjardins reduced their target price on shares of Metro from C$105.00 to C$99.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Canadian Imperial Bank of Commerce cut their price target on Metro from C$105.00 to C$101.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Finally, National Bank Financial lowered their price objective on shares of Metro from C$107.00 to C$106.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$106.43.

Metro Company Profile

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. It utilizes an array of business models, but it most frequently acts as either a retailer, operating individual stores, or a franchiser, licensing its trademarks and supplying merchandise to franchisees.