Metro Inc. (TSE:MRU – Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.4075 per share on Tuesday, November 10th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 22nd.
Metro Price Performance
MRU opened at C$95.68 on Tuesday. Metro has a one year low of C$86.63 and a one year high of C$101.30. The company has a debt-to-equity ratio of 71.09, a current ratio of 1.43 and a quick ratio of 0.41. The company’s 50 day simple moving average is C$90.24 and its 200-day simple moving average is C$91.15. The stock has a market capitalization of C$20.02 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 4.06 and a beta of 0.12.
Metro (TSE:MRU – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$1.24 earnings per share for the quarter. Metro had a net margin of 4.00% and a return on equity of 12.87%. The business had revenue of C$6.97 billion during the quarter. Sell-side analysts anticipate that Metro will post 4.82 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have commented on MRU. TD increased their price objective on Metro from C$106.00 to C$108.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. TD Securities raised Metro to a “strong-buy” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada dropped their target price on Metro from C$111.00 to C$110.00 and set a “sector perform” rating for the company in a research report on Thursday, August 13th. National Bank Financial dropped their target price on Metro from C$105.00 to C$102.00 and set a “sector perform” rating for the company in a research report on Thursday, August 13th. Finally, BMO Capital Markets lowered Metro from an “outperform” rating to a “hold” rating and cut their price target for the company from C$105.00 to C$95.00 in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$102.33.
Get Our Latest Stock Analysis on MRU
Metro Company Profile
With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.
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