Metro (OTCMKTS:MTRAF) Issues Earnings Results, Beats Expectations By $0.04 EPS

Metro (OTCMKTS:MTRAF) announced its quarterly earnings data on Wednesday. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.04, Zacks reports. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.64 billion.

Metro Stock Performance

MTRAF stock opened at $70.43 on Thursday. The business has a 50-day moving average price of $67.68 and a 200 day moving average price of $72.87. Metro has a 1-year low of $60.68 and a 1-year high of $78.73.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MTRAF shares. National Bankshares reiterated a “sector perform” rating on shares of Metro in a report on Tuesday, August 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Metro in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About Metro

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.