Metro Inc. (MRU) To Go Ex-Dividend on February 14th

Metro Inc. (TSE:MRUGet Free Report) declared a quarterly dividend on Tuesday, January 30th, Zacks reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.335 per share on Tuesday, March 12th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Wednesday, February 14th. This is an increase from Metro’s previous quarterly dividend of $0.30.

Metro Stock Down 0.3 %

Shares of MRU stock opened at C$69.26 on Monday. The firm’s 50-day moving average is C$68.68 and its 200-day moving average is C$70.16. The stock has a market cap of C$15.72 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 2.12 and a beta of 0.04. 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.

Metro (TSE:MRUGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.03. Metro had a return on equity of 15.00% and a net margin of 4.81%. The business had revenue of C$4.97 billion for the quarter, compared to the consensus estimate of C$4.86 billion. Sell-side analysts predict that Metro will post 4.2606351 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MRU shares. Royal Bank of Canada lowered their price objective on shares of Metro from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 31st. TD Securities increased their price target on Metro from C$76.00 to C$78.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. Desjardins lowered their target price on Metro from C$77.00 to C$74.00 and set a “hold” rating for the company in a report on Thursday, November 16th. BMO Capital Markets increased their target price on Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. Finally, Scotiabank reduced their price target on Metro from C$77.00 to C$74.50 and set a “sector perform” rating on the stock in a report on Tuesday, January 23rd. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$77.21.

View Our Latest Analysis on Metro

Metro Company Profile

(Get Free Report)

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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Dividend History for Metro (TSE:MRU)

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