Metro (MRU) Scheduled to Post Earnings on Wednesday

Metro (TSE:MRU – Get Rating) will release its earnings data before the market opens on Wednesday, April 19th. Analysts expect Metro to post earnings of C$0.95 per share for the quarter.

Metro (TSE:MRU – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The company reported C$1.00 earnings per share for the quarter, beating the consensus estimate of C$0.97 by C$0.03. Metro had a return on equity of 13.28% and a net margin of 4.52%. The business had revenue of C$4.67 billion for the quarter, compared to the consensus estimate of C$4.62 billion.

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Metro Trading Up 0.2 %

Shares of TSE:MRU opened at C$75.87 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 1.19 and a debt-to-equity ratio of 63.56. Metro has a 52-week low of C$65.30 and a 52-week high of C$78.90. The stock has a market cap of C$17.84 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.86 and a beta of 0.02. The business has a 50-day moving average price of C$71.36 and a 200-day moving average price of C$72.88.

Metro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 6th. Investors of record on Monday, March 6th were issued a $0.303 dividend. This represents a $1.21 annualized dividend and a yield of 1.60%. The ex-dividend date was Wednesday, February 8th. This is an increase from Metro’s previous quarterly dividend of $0.28. Metro’s dividend payout ratio is 33.33%.

Wall Street Analyst Weigh In

Several analysts have recently commented on MRU shares. BMO Capital Markets downgraded shares of Metro from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$82.00 to C$78.00 in a report on Wednesday, February 1st. TD Securities upped their price target on shares of Metro from C$76.00 to C$77.00 and gave the company a “hold” rating in a report on Wednesday, January 25th. National Bankshares lifted their price objective on Metro from C$80.00 to C$81.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 4th. Finally, Royal Bank of Canada upped their target price on Metro from C$70.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 19th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$76.78.

Metro Company Profile

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Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries.

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