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

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

Metro Price Performance

TSE MRU traded down C$0.03 during midday trading on Friday, hitting C$70.92. The company had a trading volume of 251,183 shares, compared to its average volume of 435,193. The firm has a 50-day moving average price of C$72.19 and a 200-day moving average price of C$70.61. The company has a market capitalization 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 company has a current ratio of 1.16, a quick ratio of 0.41 and a debt-to-equity ratio of 65.71. Metro has a twelve month low of C$65.43 and a twelve month high of C$78.88.

Metro (TSE:MRU - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.91 EPS for the quarter, meeting analysts' consensus estimates of C$0.91. The business 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%. As a group, analysts anticipate that Metro will post 4.2576393 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MRU has been the topic of several analyst reports. Desjardins increased 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 report on Thursday. CIBC lifted their price target on Metro from C$76.00 to C$77.00 and gave the company a "neutral" rating in a research note on Thursday. National Bankshares upped their price objective on Metro from C$80.00 to C$82.00 and gave the stock a "sector perform" rating in a research report on Thursday. Royal Bank of Canada reduced their price objective on 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. Finally, Scotiabank lowered their target price on Metro from C$74.50 to C$74.00 and set a "sector perform" rating for the company in a research note on Monday. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus 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.