FY2024 EPS Estimates for Metro Inc. Lowered by Analyst (TSE:MRU)

Metro Inc. (TSE:MRU) – Research analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for Metro in a research note issued to investors on Monday, August 5th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $4.27 per share for the year, down from their prior forecast of $4.28. The consensus estimate for Metro’s current full-year earnings is $4.27 per share. National Bank Financial also issued estimates for Metro’s Q4 2024 earnings at $1.00 EPS, Q1 2025 earnings at $1.12 EPS and Q4 2025 earnings at $1.11 EPS.

A number of other brokerages have also commented on MRU. Scotiabank dropped their price target on Metro from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. CIBC boosted their price objective on shares of Metro from C$76.00 to C$77.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Desjardins lifted their price target on shares of Metro from C$74.00 to C$75.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. National Bankshares boosted their price objective on shares of Metro from C$82.00 to C$85.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, Royal Bank of Canada boosted their price objective on shares of Metro from C$82.00 to C$84.00 in a report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$81.43.

Metro Stock Performance

TSE MRU opened at C$80.14 on Wednesday. The firm has a market cap of C$18.08 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 2.12 and a beta of 0.05. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 64.39. The business has a 50-day moving average price of C$77.59 and a 200-day moving average price of C$73.96. Metro has a twelve month low of C$65.43 and a twelve month high of C$83.16.

Metro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, June 4th were given a $0.335 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.67%. Metro’s dividend payout ratio (DPR) is currently 31.38%.

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.