Q1 2017 Earnings Forecast for Metro, Inc. (MRU) Issued By Raymond James Financial
Metro, Inc. (TSE:MRU) – Raymond James Financial reduced their Q1 2017 earnings per share (EPS) estimates for shares of Metro in a research note issued on Thursday. Raymond James Financial analyst K. Tyghe now anticipates that the brokerage will earn $0.60 per share for the quarter, down from their prior estimate of $0.61. Raymond James Financial also issued estimates for Metro’s Q2 2017 earnings at $0.54 EPS, Q3 2017 earnings at $0.82 EPS, Q4 2017 earnings at $0.68 EPS, FY2017 earnings at $2.63 EPS, Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.89 EPS and Q4 2018 earnings at $0.73 EPS.
MRU has been the topic of several other research reports. Royal Bank Of Canada reduced their price objective on shares of Metro from C$46.00 to C$43.00 in a research note on Friday. Scotiabank reissued an “outperform” rating and set a C$52.00 price objective on shares of Metro in a research note on Thursday, November 10th. TD Securities reissued a “hold” rating and set a C$45.00 price objective on shares of Metro in a research note on Monday, November 14th. National Bank Financial lifted their price objective on shares of Metro from C$44.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Saturday, August 6th. Finally, Desjardins lifted their price objective on shares of Metro from C$45.00 to C$46.00 and gave the stock a “hold” rating in a research note on Monday, August 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$45.82.
Metro (TSE:MRU) opened at 41.11 on Friday. Metro has a 52 week low of $37.75 and a 52 week high of $48.19. The firm has a market cap of $9.66 billion and a price-to-earnings ratio of 17.20. The stock’s 50 day moving average is $41.50 and its 200 day moving average is $44.04.
Metro Company Profile
Metro Inc is a retailer or a distributor and operates under various banners in the supermarket and discount segments. The Company operates approximately 340 supermarkets under the Metro and Metro Plus banners. It has over 200 discount stores operating under the Super C and Food Basics banners. The Adonis banner has over 10 stores, which offer Mediterranean and Middle-Eastern products.
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