Equities Analysts Set Expectations for Metro, Inc.’s Q2 2019 Earnings (MRU)

Metro, Inc. (TSE:MRU) – Equities researchers at Raymond James issued their Q2 2019 EPS estimates for Metro in a note issued to investors on Wednesday, April 10th, Zacks Investment Research reports. Raymond James analyst K. Tyghe forecasts that the company will post earnings per share of $0.63 for the quarter. Raymond James has a “Market Perform” rating and a $51.00 price target on the stock. Raymond James also issued estimates for Metro’s Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $0.69 EPS, FY2019 earnings at $2.87 EPS, Q1 2020 earnings at $0.76 EPS, Q2 2020 earnings at $0.67 EPS, Q3 2020 earnings at $0.97 EPS, Q4 2020 earnings at $0.75 EPS, FY2020 earnings at $3.16 EPS, Q1 2021 earnings at $0.80 EPS, Q2 2021 earnings at $0.71 EPS and FY2021 earnings at $3.34 EPS.

Several other brokerages have also issued reports on MRU. BMO Capital Markets increased their target price on Metro from C$48.00 to C$53.00 in a research report on Tuesday, January 8th. TD Securities increased their target price on Metro from C$47.00 to C$51.00 and gave the stock a “hold” rating in a research report on Tuesday, January 15th. National Bank Financial increased their target price on Metro from C$46.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 16th. Barclays increased their target price on Metro from C$48.00 to C$50.00 in a research report on Thursday, January 24th. Finally, Desjardins lowered Metro from a “buy” rating to a “hold” rating and increased their target price for the stock from C$50.00 to C$51.00 in a research report on Wednesday, January 30th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$51.29.

MRU traded down C$0.05 during midday trading on Friday, reaching C$48.60. 293,500 shares of the company’s stock traded hands, compared to its average volume of 513,203. The firm has a market capitalization of $12.40 billion and a price-to-earnings ratio of 19.40. The company has a debt-to-equity ratio of 45.56, a current ratio of 1.43 and a quick ratio of 0.52. Metro has a 52 week low of C$39.04 and a 52 week high of C$50.90.

Metro (TSE:MRU) last released its quarterly earnings results on Wednesday, April 17th. The company reported C$0.60 EPS for the quarter, missing analysts’ consensus estimates of C$0.62 by C($0.02). The business had revenue of C$3.70 billion during the quarter, compared to analyst estimates of C$3.71 billion.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 16th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.65%. Metro’s payout ratio is currently 31.94%.

About Metro

Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates food stores, including supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, general merchandise, non-perishable goods, dairy products, bakery products, pastries, and deli products, as well as Mediterranean and Middle-Eastern products; and drug stores and pharmacies.

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Earnings History and Estimates for Metro (TSE:MRU)

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