Metro (OTCMKTS:MTRAF – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03, Zacks reports. Metro had a return on equity of 15.02% and a net margin of 4.52%.
Metro Trading Up 1.0%
Shares of OTCMKTS MTRAF traded up $0.62 during midday trading on Wednesday, reaching $65.06. 541 shares of the stock were exchanged, compared to its average volume of 21,789. The company has a market capitalization of $13.60 billion and a price-to-earnings ratio of 26.45. Metro has a 12 month low of $60.71 and a 12 month high of $83.02. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.43 and a quick ratio of 0.59. The business has a 50-day simple moving average of $66.30 and a two-hundred day simple moving average of $67.44.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets lowered shares of Metro from an “outperform” rating to a “market perform” rating in a report on Monday, July 20th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
About Metro
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.
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