Metro (OTCMKTS:MTRAF) Announces Earnings Results

Metro (OTCMKTS:MTRAF) announced its quarterly earnings results on Tuesday. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04), Zacks reports. Metro had a return on equity of 14.73% and a net margin of 4.44%.The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.71 billion.

Metro Stock Performance

MTRAF traded down $0.81 on Thursday, hitting $67.67. 1,107 shares of the company traded hands, compared to its average volume of 2,474. The company has a quick ratio of 0.51, a current ratio of 1.30 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $14.43 billion and a PE ratio of 82.52. The company has a 50 day moving average of $71.36 and a 200-day moving average of $70.96. Metro has a 12-month low of $62.30 and a 12-month high of $78.73.

Analyst Ratings Changes

Several brokerages have recently weighed in on MTRAF. BMO Capital Markets restated an “outperform” rating on shares of Metro in a research report on Wednesday. TD Securities restated a “buy” rating on shares of Metro in a research note on Wednesday. Finally, Scotiabank reiterated an “outperform” rating on shares of Metro in a research report on Thursday, November 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Metro Company Profile

Metro AG, trading in the United States as an American Depositary Receipt under the symbol MTRAF, is a leading international wholesale company focused on supplying the foodservice and hospitality sectors. Through its METRO Cash & Carry division, the company operates self-service wholesale outlets that offer a broad assortment of food products, fresh perishables, non-food items and hotel and restaurant equipment. Metro’s business model caters exclusively to professional customers—hotels, restaurants, caterers and independent retailers—enabling them to purchase in bulk at competitive prices.

Founded in 1964 and headquartered in Düsseldorf, Germany, Metro has grown its footprint across Europe and Asia, serving customers in more than 30 countries.