Metro (TSE:MRU - Get Free Report) is set to announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of C$0.92 per share for the quarter.
Metro (TSE:MRU - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.99 by C$0.03. The business had revenue of C$4.97 billion for the quarter, compared to the consensus estimate of C$4.86 billion. Metro had a net margin of 4.81% and a return on equity of 15.00%.
Metro Stock Up 0.1 %
Shares of MRU traded up C$0.10 on Wednesday, reaching C$70.51. The stock had a trading volume of 259,005 shares, compared to its average volume of 438,682. The firm has a market capitalization of C$16.01 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. The company has a 50-day simple moving average of C$72.12 and a 200-day simple moving average of C$70.66. Metro has a 12-month low of C$65.43 and a 12-month high of C$78.88. The company has a debt-to-equity ratio of 65.71, a quick ratio of 0.41 and a current ratio of 1.16.
Metro Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 12th were paid a dividend of $0.335 per share. This is an increase from Metro's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 14th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.90%. Metro's dividend payout ratio (DPR) is currently 30.66%.
Analyst Ratings Changes
MRU has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on Metro from C$73.00 to C$75.00 in a research note on Wednesday, January 31st. Scotiabank dropped their target price on shares of Metro from C$77.00 to C$74.50 and set a "sector perform" rating on the stock in a research note on Tuesday, January 23rd. National Bankshares raised their price target on shares of Metro from C$80.00 to C$81.00 and gave the company a "sector perform" rating in a research report on Monday, January 15th. TD Securities upped their price objective on Metro from C$76.00 to C$78.00 and gave the company a "hold" rating in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada reduced their target price on Metro from C$83.00 to C$82.00 and set a "sector perform" rating for the company in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$77.21.
View Our Latest Analysis on MRU
About Metro
(
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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.
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