Q2 2023 EPS Estimates for Metro Inc. (TSE:MRU) Lifted by Atb Cap Markets

Metro Inc. (TSE:MRU – Get Rating) – Equities researchers at Atb Cap Markets raised their Q2 2023 earnings estimates for Metro in a report released on Thursday, January 19th. Atb Cap Markets analyst K. Tyghe now expects that the company will post earnings per share of $0.92 for the quarter, up from their previous forecast of $0.91. The consensus estimate for Metro’s current full-year earnings is $4.44 per share. Atb Cap Markets also issued estimates for Metro’s Q4 2023 earnings at $1.04 EPS, FY2023 earnings at $4.21 EPS, Q1 2024 earnings at $1.00 EPS, Q2 2024 earnings at $0.99 EPS, Q3 2024 earnings at $1.38 EPS, Q4 2024 earnings at $1.11 EPS and FY2024 earnings at $4.48 EPS.

MRU has been the topic of several other reports. National Bankshares raised their price objective on Metro from C$75.00 to C$79.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 17th. Royal Bank of Canada boosted their price target on shares of Metro from C$70.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Thursday. BMO Capital Markets boosted their price target on shares of Metro from C$78.00 to C$82.00 in a research report on Thursday, November 17th. Canaccord Genuity Group boosted their price objective on Metro from C$71.00 to C$72.00 in a report on Thursday, November 17th. Finally, TD Securities lifted their target price on Metro from C$75.00 to C$76.00 and gave the company a “hold” rating in a research note on Thursday, November 17th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$76.89.

Metro Stock Performance

Metro stock opened at C$74.46 on Monday. The stock has a market cap of C$17.53 billion and a P/E ratio of 20.68. The company has a current ratio of 1.12, a quick ratio of 0.41 and a debt-to-equity ratio of 62.28. The stock has a 50 day moving average of C$76.04 and a 200-day moving average of C$72.52. Metro has a 52 week low of C$62.86 and a 52 week high of C$78.90.

Metro (TSE:MRU – Get Rating) last issued its quarterly earnings data on Wednesday, November 16th. The company reported C$0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.90 by C$0.02. The firm had revenue of C$4.43 billion during the quarter, compared to analyst estimates of C$4.27 billion.

Metro Company Profile

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Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries.