FY2024 EPS Estimates for Metro Inc. (TSE:MRU) Lifted by Desjardins

Metro Inc. (TSE:MRU) – Equities researchers at Desjardins upped their FY2024 earnings per share estimates for Metro in a report released on Wednesday, April 24th. Desjardins analyst C. Li now forecasts that the company will post earnings of $4.28 per share for the year, up from their previous estimate of $4.24. Desjardins currently has a “Hold” rating and a $75.00 target price on the stock. The consensus estimate for Metro’s current full-year earnings is $4.26 per share. Desjardins also issued estimates for Metro’s Q4 2024 earnings at $0.97 EPS and FY2025 earnings at $4.70 EPS.

Metro (TSE:MRU) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.91. The business had revenue of C$4.66 billion during the quarter, compared to the consensus estimate of C$4.63 billion. Metro had a return on equity of 15.00% and a net margin of 4.81%.

A number of other equities research analysts also recently commented on the company. BMO Capital Markets increased their price objective on Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. CIBC increased their price target on shares of Metro from C$76.00 to C$77.00 and gave the stock a “neutral” rating in a research report on Thursday. National Bankshares raised their price objective on shares of Metro from C$80.00 to C$82.00 and gave the stock a “sector perform” rating in a report on Thursday. TD Securities raised their price target on shares of Metro from C$78.00 to C$80.00 in a report on Thursday. Finally, Royal Bank of Canada reduced their price objective on shares of Metro from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$77.86.

Metro Stock Performance

MRU opened at C$70.92 on Friday. The company has a market capitalization of C$16.10 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. The company has a debt-to-equity ratio of 65.71, a current ratio of 1.16 and a quick ratio of 0.41. Metro has a 1-year low of C$65.43 and a 1-year high of C$78.88. The business has a 50 day moving average price of C$72.19 and a two-hundred day moving average price of C$70.61.

Metro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be paid a $0.335 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.34 annualized dividend and a yield of 1.89%. Metro’s payout ratio is currently 30.66%.

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.