Metro (MRU) Scheduled to Post Earnings on Tuesday

Metro (TSE:MRU) will release its earnings data before the market opens on Tuesday, January 30th. Analysts expect Metro to post earnings of C$0.49 per share for the quarter.

Metro (TSE:MRU) last posted its quarterly earnings results on Wednesday, November 22nd. The company reported C$0.66 EPS for the quarter, beating the consensus estimate of C$0.65 by C$0.01. Metro had a return on equity of 21.29% and a net margin of 4.80%.

Metro (TSE:MRU) opened at C$41.08 on Tuesday. The company has a market capitalization of $9,350.00, a P/E ratio of 15.92 and a beta of 0.06. Metro has a twelve month low of C$38.00 and a twelve month high of C$47.41.

In other news, insider Carmine Fortino sold 8,041 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of C$40.25, for a total value of C$323,650.25.

Several equities analysts have commented on the company. Eight Capital cut their price target on Metro from C$47.00 to C$45.00 and set a “neutral” rating for the company in a report on Tuesday, October 3rd. Scotiabank reaffirmed an “outperform” rating and issued a C$51.00 price target on shares of Metro in a report on Monday, November 20th. Desjardins upped their price target on Metro from C$48.00 to C$50.00 in a report on Friday, September 29th. Royal Bank of Canada cut their price target on Metro from C$47.00 to C$44.00 and set a “sector perform” rating for the company in a report on Thursday, November 23rd. Finally, Barclays upped their price target on Metro from C$44.00 to C$45.00 in a report on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$47.10.

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About Metro

Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and convenience stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, fruits and vegetables, meats, frozen foods, bakery and deli products, and pastry and charcutery products, as well as perishable products.

Earnings History for Metro (TSE:MRU)

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