Metro Inc. (TSE:MRU – Free Report) – Equities researchers at Desjardins upped their FY2024 earnings per share estimates for Metro in a report released on Wednesday, April 24th. Desjardins analyst C. Li now forecasts that the company will post earnings of $4.28 per share for the year, up from their previous estimate of $4.24. Desjardins currently has a “Hold” rating and a $75.00 target price on the stock. The consensus estimate for Metro’s current full-year earnings is $4.26 per share. Desjardins also issued estimates for Metro’s Q4 2024 earnings at $0.97 EPS and FY2025 earnings at $4.70 EPS.
Metro (TSE:MRU – Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.91. The business had revenue of C$4.66 billion during the quarter, compared to the consensus estimate of C$4.63 billion. Metro had a return on equity of 15.00% and a net margin of 4.81%.
View Our Latest Research Report on Metro
Metro Stock Performance
MRU opened at C$70.92 on Friday. The company has a market capitalization of C$16.10 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. The company has a debt-to-equity ratio of 65.71, a current ratio of 1.16 and a quick ratio of 0.41. Metro has a 1-year low of C$65.43 and a 1-year high of C$78.88. The business has a 50 day moving average price of C$72.19 and a two-hundred day moving average price of C$70.61.
Metro Dividend Announcement
The firm also recently declared 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. The ex-dividend date is Tuesday, May 14th. This represents a $1.34 annualized dividend and a yield of 1.89%. Metro’s payout ratio is currently 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.
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