Metro (OTCMKTS:MTRAF) Issues Earnings Results

Metro (OTCMKTS:MTRAF) announced its quarterly earnings data on Tuesday. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04), Zacks reports. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.71 billion. Metro had a net margin of 4.44% and a return on equity of 14.73%.

Metro Stock Performance

MTRAF stock traded down $0.81 during trading hours on Thursday, hitting $67.67. 1,107 shares of the stock were exchanged, compared to its average volume of 2,474. Metro has a 12 month low of $62.30 and a 12 month high of $78.73. The company has a current ratio of 1.30, a quick ratio of 0.51 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $14.43 billion and a P/E ratio of 82.52. The company has a 50-day simple moving average of $71.36 and a two-hundred day simple moving average of $70.96.

Analysts Set New Price Targets

Several analysts have issued reports on MTRAF shares. TD Securities restated a “buy” rating on shares of Metro in a research note on Wednesday. Scotiabank restated an “outperform” rating on shares of Metro in a research note on Thursday, November 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Metro in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Metro presently has an average rating of “Moderate Buy”.

Metro Company Profile

Metro AG, trading in the United States as an American Depositary Receipt under the symbol MTRAF, is a leading international wholesale company focused on supplying the foodservice and hospitality sectors. Through its METRO Cash & Carry division, the company operates self-service wholesale outlets that offer a broad assortment of food products, fresh perishables, non-food items and hotel and restaurant equipment. Metro’s business model caters exclusively to professional customers—hotels, restaurants, caterers and independent retailers—enabling them to purchase in bulk at competitive prices.

Founded in 1964 and headquartered in Düsseldorf, Germany, Metro has grown its footprint across Europe and Asia, serving customers in more than 30 countries.