Brokers Set Expectations for Metro Inc.’s Q3 2024 Earnings (TSE:MRU)

Metro Inc. (TSE:MRU) – Analysts at Desjardins dropped their Q3 2024 earnings per share (EPS) estimates for Metro in a report issued on Wednesday, April 24th. Desjardins analyst C. Li now anticipates that the company will post earnings of $1.38 per share for the quarter, down from their previous forecast of $1.39. Desjardins has a “Hold” rating and a $75.00 price target on the stock. The consensus estimate for Metro’s current full-year earnings is $4.26 per share.

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

MRU has been the subject of a number of other reports. National Bankshares lifted their target price on Metro from C$80.00 to C$82.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. BMO Capital Markets upped their price objective on Metro from C$73.00 to C$75.00 in a research note on Wednesday, January 31st. TD Securities raised their target price on Metro from C$78.00 to C$80.00 in a research note on Thursday, April 25th. Scotiabank reduced their price target on shares of Metro from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, Royal Bank of Canada cut their price objective on shares of 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. Seven analysts have rated the stock with a hold rating, According to MarketBeat, Metro presently has a consensus rating of “Hold” and a consensus price target of C$77.86.

Metro Trading Down 0.0 %

TSE MRU opened at C$70.90 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 one year low of C$65.43 and a one year high of C$78.88. The company has a 50-day simple moving average of C$72.19 and a 200-day simple moving average of C$70.58. The firm has a market capitalization of C$16.10 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04.

Metro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.335 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.89%. Metro’s dividend payout ratio (DPR) is 30.66%.

About Metro

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.