Metro Inc. Expected to Earn Q3 2024 Earnings of $1.38 Per Share (TSE:MRU)

Metro Inc. (TSE:MRU) – Equities researchers at National Bank Financial boosted their Q3 2024 earnings per share estimates for Metro in a research report issued on Wednesday, April 24th. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $1.38 per share for the quarter, up from their prior estimate of $1.36. The consensus estimate for Metro’s current full-year earnings is $4.26 per share. National Bank Financial also issued estimates for Metro’s Q4 2024 earnings at $0.98 EPS.

Several other research analysts have also recently weighed in on the stock. Scotiabank dropped 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 research note on Monday, April 22nd. CIBC boosted their price target on Metro from C$76.00 to C$77.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. National Bankshares increased their target price on shares of Metro from C$80.00 to C$82.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. BMO Capital Markets raised their price target on Metro from C$73.00 to C$75.00 in a report on Wednesday, January 31st. Finally, TD Securities lifted their price objective on shares of Metro from C$78.00 to C$80.00 in a research report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$77.86.

Metro Stock Performance

Shares of TSE MRU opened at C$70.90 on Monday. Metro has a 12-month low of C$65.43 and a 12-month high of C$78.88. The firm has a market capitalization of C$16.10 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. The company has a current ratio of 1.16, a quick ratio of 0.41 and a debt-to-equity ratio of 65.71. The firm has a 50 day moving average of C$72.19 and a 200 day moving average of C$70.58.

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

Metro Announces Dividend

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