Metro Inc. (TSE:MRU) Forecasted to Post Q3 2024 Earnings of $1.38 Per Share

Metro Inc. (TSE:MRU) – National Bank Financial raised their Q3 2024 earnings per share estimates for Metro in a report issued on Wednesday, April 24th. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $1.38 per share for the quarter, up from their previous forecast of $1.36. The consensus estimate for Metro’s current full-year earnings is $4.26 per share. National Bank Financial also issued estimates for Metro’s Q4 2024 earnings at $0.98 EPS.

A number of other equities research analysts also recently weighed in on the company. BMO Capital Markets raised their price target on Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. Desjardins raised their price target on Metro from C$74.00 to C$75.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. CIBC raised their price target on Metro from C$76.00 to C$77.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Royal Bank of Canada lowered their price target on Metro from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 31st. Finally, TD Securities raised their price objective on Metro from C$78.00 to C$80.00 in a research note on Thursday, April 25th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$77.86.

Metro Trading Down 0.7 %

Shares of MRU stock opened at C$70.42 on Monday. 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 has a 52-week low of C$65.43 and a 52-week high of C$78.88. The company has a market capitalization of C$15.99 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. The business’s fifty day moving average is C$72.17 and its 200 day moving average is C$70.57.

Metro (TSE:MRU) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.91. Metro had a return on equity of 15.00% and a net margin of 4.81%. The company had revenue of C$4.66 billion for the quarter, compared to the consensus estimate of C$4.63 billion.

Metro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be paid a $0.335 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.34 annualized dividend and a dividend yield of 1.90%. Metro’s payout ratio is presently 30.66%.

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.