FY2024 Earnings Estimate for Metro Inc. (TSE:MRU) Issued By Desjardins

Metro Inc. (TSE:MRU) – Desjardins raised their FY2024 earnings per share (EPS) estimates for Metro in a report issued on Wednesday, April 24th. Desjardins analyst C. Li now expects 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 price target 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 posted its earnings results on Wednesday, April 24th. The company reported C$0.91 EPS for the quarter, meeting the consensus estimate of C$0.91. The company had revenue of C$4.66 billion during the quarter, compared to analyst estimates 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 weighed in on the company. National Bankshares upped their target price on Metro from C$80.00 to C$82.00 and gave the stock a “sector perform” rating in a research report on Thursday. CIBC increased their price objective on Metro from C$76.00 to C$77.00 and gave the company a “neutral” rating in a research report on Thursday. 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. TD Securities boosted their target price on shares of Metro from C$78.00 to C$80.00 in a research note on Thursday. Finally, Scotiabank cut their target price on shares of Metro from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a research note on Monday. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$77.86.

Metro Stock Performance

Shares of TSE MRU opened at C$70.95 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.41 and a debt-to-equity ratio of 65.71. The stock has a 50 day simple moving average of C$72.19 and a 200-day simple moving average of C$70.61. The company 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 has a 12-month low of C$65.43 and a 12-month high of C$78.88.

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 of this dividend 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.