Metro Inc. to Post Q3 2024 Earnings of $1.35 Per Share, National Bank Financial Forecasts (TSE:MRU)

Metro Inc. (TSE:MRU) – Equities researchers at National Bank Financial cut their Q3 2024 earnings estimates for Metro in a report released on Monday, August 5th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $1.35 per share for the quarter, down from their previous forecast of $1.38. The consensus estimate for Metro’s current full-year earnings is $4.27 per share. National Bank Financial also issued estimates for Metro’s Q3 2025 earnings at $1.49 EPS and FY2025 earnings at $4.75 EPS.

Other analysts also recently issued research reports about the company. BMO Capital Markets boosted their price objective on Metro from C$75.00 to C$83.00 and gave the company a “market perform” rating in a research report on Wednesday. CIBC increased their price target on shares of Metro from C$76.00 to C$77.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Scotiabank cut their price target 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, April 22nd. National Bankshares upped 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 research note on Tuesday. Finally, Desjardins raised their target price on Metro from C$74.00 to C$75.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$81.43.

Metro Trading Down 0.5 %

Shares of MRU stock opened at C$79.75 on Thursday. The business has a 50-day moving average of C$77.72 and a 200 day moving average of C$74.00. The company has a debt-to-equity ratio of 64.39, a current ratio of 1.12 and a quick ratio of 0.41. Metro has a 1-year low of C$65.43 and a 1-year high of C$83.16. The stock has a market capitalization of C$18.00 billion, a PE ratio of 18.77, a P/E/G ratio of 2.12 and a beta of 0.05.

Metro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Tuesday, May 14th. Metro’s payout ratio is 31.38%.

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.