Metro (OTCMKTS:MTRAF) Shares Gap Down on Disappointing Earnings

Metro Inc. (OTCMKTS:MTRAF)’s stock price gapped down prior to trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $71.10, but opened at $67.83. Metro shares last traded at $67.66, with a volume of 600 shares changing hands.

The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04). The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.71 billion. Metro had a return on equity of 14.73% and a net margin of 4.44%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Metro in a report on Wednesday. Scotiabank restated an “outperform” rating on shares of Metro in a report on Thursday, November 20th. Finally, TD Securities reaffirmed a “buy” rating on shares of Metro in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Metro Price Performance

The business’s 50 day moving average price is $71.30 and its 200 day moving average price is $70.93. The stock has a market capitalization of $14.42 billion and a P/E ratio of 82.46. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.30 and a quick ratio of 0.51.

Metro Company Profile

Metro AG, trading in the United States as an American Depositary Receipt under the symbol MTRAF, is a leading international wholesale company focused on supplying the foodservice and hospitality sectors. Through its METRO Cash & Carry division, the company operates self-service wholesale outlets that offer a broad assortment of food products, fresh perishables, non-food items and hotel and restaurant equipment. Metro’s business model caters exclusively to professional customers—hotels, restaurants, caterers and independent retailers—enabling them to purchase in bulk at competitive prices.

Founded in 1964 and headquartered in Düsseldorf, Germany, Metro has grown its footprint across Europe and Asia, serving customers in more than 30 countries.