Metro (OTCMKTS:MTRAF) Issues Earnings Results

Metro (OTCMKTS:MTRAF) released its quarterly earnings results on Wednesday. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03, Zacks reports. Metro had a net margin of 4.01% and a return on equity of 14.23%. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.86 billion.

Metro Price Performance

Shares of OTCMKTS MTRAF remained flat at $65.06 during mid-day trading on Friday. 108,946 shares of the stock traded hands, compared to its average volume of 69,913. The company has a 50 day simple moving average of $66.35 and a two-hundred day simple moving average of $67.35. Metro has a one year low of $60.71 and a one year high of $83.02. The stock has a market capitalization of $13.60 billion and a PE ratio of 21.40. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered Metro from an “outperform” rating to a “market perform” rating in a research note on Monday, July 20th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.