National Bank Financial Lowers Earnings Estimates for Metro

Metro Inc. (TSE:MRU - Free Report) - Equities research analysts at National Bank Financial lowered their Q1 2025 earnings per share estimates for Metro in a research note issued to investors on Tuesday, November 5th. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $1.11 per share for the quarter, down from their prior estimate of $1.12. The consensus estimate for Metro's current full-year earnings is $4.82 per share.

Several other equities research analysts also recently weighed in on MRU. Desjardins increased their price target on Metro from C$75.00 to C$80.00 and gave the stock a "hold" rating in a research report on Tuesday, August 13th. BMO Capital Markets lifted their target price on shares of Metro from C$82.00 to C$85.00 in a report on Thursday, August 15th. Cfra increased their target price on shares of Metro from C$76.00 to C$85.00 in a research note on Thursday, August 15th. National Bankshares boosted their price objective on Metro from C$85.00 to C$88.00 in a research report on Thursday, August 15th. Finally, Royal Bank of Canada boosted their target price on shares of Metro from C$82.00 to C$84.00 in a research note on Friday, July 12th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$84.25.

Metro Stock Performance

Shares of MRU stock traded down C$0.09 during trading hours on Friday, hitting C$85.74. The company's stock had a trading volume of 397,127 shares, compared to its average volume of 440,919. The stock has a market cap of C$19.09 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. Metro has a 12-month low of C$65.43 and a 12-month high of C$87.22. The company has a 50 day moving average of C$84.38 and a 200 day moving average of C$79.68. The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18.

Metro (TSE:MRU - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$1.35 earnings per share for the quarter, hitting the consensus estimate of C$1.35. Metro had a net margin of 4.36% and a return on equity of 13.74%. The company had revenue of C$6.65 billion for the quarter, compared to the consensus estimate of C$6.58 billion.

Metro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 12th will be issued a $0.335 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.34 annualized dividend and a dividend yield of 1.56%. Metro's dividend payout ratio is presently 32.76%.

Metro Company Profile

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.