National Bank Financial Reduces Earnings Estimates for Metro

Metro Inc. (TSE:MRU) – Equities research analysts at National Bank Financial reduced their Q1 2025 earnings per share estimates for shares of Metro in a report issued on Tuesday, November 5th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $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 analysts also recently weighed in on MRU. Cfra lifted their target price on Metro from C$76.00 to C$85.00 in a research report on Thursday, August 15th. Royal Bank of Canada upped their target price on shares of Metro from C$82.00 to C$84.00 in a research note on Friday, July 12th. Desjardins lifted their price target on shares of Metro from C$75.00 to C$80.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. TD Securities raised Metro from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$80.00 to C$92.00 in a research note on Monday, July 22nd. Finally, CIBC raised their price objective on Metro from C$77.00 to C$86.00 in a report on Thursday, August 15th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Metro has a consensus rating of “Hold” and a consensus target price of C$84.25.

Metro Stock Up 0.9 %

Shares of TSE MRU opened at C$85.83 on Friday. Metro has a 1 year low of C$65.43 and a 1 year high of C$87.22. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. The company has a market cap of C$19.11 billion, a P/E ratio of 20.99, a PEG ratio of 4.06 and a beta of 0.08. The firm has a 50-day simple moving average of C$84.36 and a two-hundred day simple moving average of C$79.57.

Metro (TSE:MRU) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C$1.35 EPS 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 during the quarter, compared to analyst estimates of C$6.58 billion.

Metro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 12th will be given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, October 24th. Metro’s payout ratio is currently 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.