Metro (TSE:MRU) Posts Quarterly Earnings Results

Metro (TSE:MRU) released its earnings results on Wednesday. The company reported C$1.13 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$5.11 billion for the quarter. Metro had a return on equity of 13.80% and a net margin of 4.50%.

Metro Stock Performance

Shares of MRU traded up C$0.09 during mid-day trading on Friday, reaching C$100.39. The company’s stock had a trading volume of 152,671 shares, compared to its average volume of 505,284. Metro has a 1-year low of C$87.76 and a 1-year high of C$109.20. The stock has a market cap of C$21.84 billion, a P/E ratio of 21.78, a PEG ratio of 4.06 and a beta of 0.20. The business has a 50-day simple moving average of C$94.49 and a two-hundred day simple moving average of C$100.46. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29.

Metro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, October 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. Metro’s dividend payout ratio is currently 30.59%.

Analyst Ratings Changes

Several research analysts recently issued reports on MRU shares. Scotiabank increased their price target on shares of Metro from C$108.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Thursday. Desjardins set a C$105.00 target price on Metro and gave the stock a “hold” rating in a research report on Thursday. BMO Capital Markets lowered their price target on Metro from C$115.00 to C$110.00 in a research report on Monday, November 3rd. TD Securities increased their price objective on Metro from C$112.00 to C$118.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, National Bankshares reduced their target price on shares of Metro from C$110.00 to C$107.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Metro presently has a consensus rating of “Moderate Buy” and an average target price of C$109.13.

Metro Company Profile

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks.