Metro Inc. (TSE:MRU) to Issue $0.34 Quarterly Dividend

Metro Inc. (TSE:MRU) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.335 per share on Tuesday, June 4th. This represents a $1.34 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, May 14th.

Metro Stock Up 1.0 %

TSE MRU opened at C$70.95 on Friday. Metro has a 52 week low of C$65.43 and a 52 week high of C$78.88. The company has a quick ratio of 0.41, a current ratio of 1.16 and a debt-to-equity ratio of 65.71. The business’s fifty day simple moving average is C$72.19 and its 200-day simple moving average is C$70.61. The firm has a market cap of C$16.11 billion, a PE ratio of 16.24, a P/E/G ratio of 2.12 and a beta of 0.04.

Metro (TSE:MRU) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.91 EPS for the quarter, hitting the consensus estimate of C$0.91. Metro had a return on equity of 15.00% and a net margin of 4.81%. The business had revenue of C$4.66 billion for the quarter, compared to analyst estimates of C$4.63 billion. As a group, equities analysts anticipate that Metro will post 4.2576393 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. TD Securities lifted their price target on Metro from C$78.00 to C$80.00 in a report on Thursday. CIBC boosted their price objective on shares of Metro from C$76.00 to C$77.00 and gave the company a “neutral” rating in a report on Thursday. National Bankshares boosted their price objective on shares of Metro from C$80.00 to C$82.00 and gave the company a “sector perform” rating in a report on Thursday. Scotiabank reduced their price objective on shares of Metro from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a report on Monday. Finally, Desjardins boosted their price objective on shares of Metro from C$74.00 to C$75.00 and gave the company a “hold” rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Metro currently has a consensus rating of “Hold” and an average target price of C$77.86.

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.