Metro Inc. (TSE:MRU) Shares Will Pay Quarterly Dividend of $0.41

Key Points

• Metro declared a quarterly dividend of C$0.4075 per share, equivalent to C$1.63 annually and a 1.7% yield. Shareholders of record on November 10 are scheduled to receive the payment that day; the ex-dividend date is October 22.
• Metro reported quarterly revenue of C$6.97 billion and EPS of C$1.24, while shares opened at C$95.68 and were trading down 1.5%.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of C$102.33; recommendations range from “Strong Buy” to “Hold.”

Metro Inc. (TSE:MRU - Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.4075 per share on Tuesday, November 10th. This represents a $1.63 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 22nd.

Metro Trading Down 1.5%

Shares of MRU opened at C$95.68 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 0.41 and a debt-to-equity ratio of 71.09. The stock has a market cap of C$20.02 billion, a PE ratio of 22.73, a PEG ratio of 4.06 and a beta of 0.12. Metro has a 1 year low of C$86.63 and a 1 year high of C$101.30. The stock has a 50 day simple moving average of C$90.24 and a 200-day simple moving average of C$91.15.

Metro (TSE:MRU - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$1.24 EPS for the quarter. Metro had a return on equity of 12.87% and a net margin of 4.00%. The business had revenue of C$6.97 billion for the quarter. On average, sell-side analysts predict that Metro will post 4.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MRU has been the subject of a number of analyst reports. Royal Bank Of Canada cut their price objective on Metro from C$111.00 to C$110.00 and set a "sector perform" rating for the company in a report on Thursday, August 13th. TD upped their target price on shares of Metro from C$106.00 to C$108.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. TD Securities raised shares of Metro to a "strong-buy" rating in a report on Wednesday, July 29th. National Bank Financial dropped their target price on shares of Metro from C$105.00 to C$102.00 and set a "sector perform" rating for the company in a research report on Thursday, August 13th. Finally, BMO Capital Markets cut shares of Metro from an "outperform" rating to a "hold" rating and dropped their target price for the stock from C$105.00 to C$95.00 in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$102.33.

Metro Company Profile

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.

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