Q2 2024 Earnings Forecast for Metro Inc. Issued By Desjardins (TSE:MRU)

Metro Inc. (TSE:MRU) – Stock analysts at Desjardins lowered their Q2 2024 EPS estimates for Metro in a research report issued on Monday, April 22nd. Desjardins analyst C. Li now expects that the company will earn $0.88 per share for the quarter, down from their previous estimate of $0.90. The consensus estimate for Metro’s current full-year earnings is $4.26 per share. Desjardins also issued estimates for Metro’s Q3 2024 earnings at $1.39 EPS.

Several other equities analysts also recently issued reports on MRU. TD Securities upped their price objective on shares of Metro from C$76.00 to C$78.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Royal Bank of Canada cut their price target on shares of Metro from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 31st. Scotiabank cut their price target on shares of Metro from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a report on Monday. BMO Capital Markets increased their price target on shares of Metro from C$73.00 to C$75.00 in a report on Wednesday, January 31st. Finally, National Bankshares increased their price target on shares of Metro from C$80.00 to C$81.00 and gave the stock a “sector perform” rating in a report on Monday, January 15th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$77.14.

Metro Stock Performance

MRU opened at C$69.90 on Wednesday. Metro has a 52-week low of C$65.43 and a 52-week high of C$78.88. The company has a quick ratio of 0.41, a current ratio of 1.16 and a debt-to-equity ratio of 65.71. The company has a market cap of C$15.87 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. The firm’s 50-day moving average price is C$72.18 and its 200-day moving average price is C$70.61.

Metro (TSE:MRU) last posted its quarterly earnings data on Tuesday, January 30th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.99 by C$0.03. Metro had a net margin of 4.81% and a return on equity of 15.00%. The firm had revenue of C$4.97 billion for the quarter, compared to the consensus estimate of C$4.86 billion.

Metro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 12th were given a dividend of $0.335 per share. This is a positive change from Metro’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.92%. Metro’s dividend payout ratio (DPR) is 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.