Brokers Offer Predictions for Metro Inc.’s Q1 2024 Earnings (TSE:MRU)

Metro Inc. (TSE:MRUGet Rating) – Research analysts at Atb Cap Markets increased their Q1 2024 EPS estimates for shares of Metro in a research note issued on Wednesday, November 16th. Atb Cap Markets analyst K. Tyghe now anticipates that the company will earn $0.99 per share for the quarter, up from their previous estimate of $0.98. The consensus estimate for Metro’s current full-year earnings is $4.40 per share. Atb Cap Markets also issued estimates for Metro’s Q2 2024 earnings at $0.98 EPS, Q3 2024 earnings at $1.36 EPS and FY2024 earnings at $4.42 EPS.

Several other equities analysts have also commented on the stock. Royal Bank of Canada upped their price objective on shares of Metro from C$75.00 to C$76.00 and gave the stock a “sector perform” rating in a report on Thursday. ATB Capital upped their target price on shares of Metro from C$76.00 to C$80.00 in a research note on Thursday. Canaccord Genuity Group upped their target price on shares of Metro from C$71.00 to C$72.00 in a research note on Thursday. CIBC cut their target price on shares of Metro from C$73.00 to C$71.00 and set a “neutral” rating on the stock in a research note on Thursday, August 11th. Finally, National Bankshares upped their target price on shares of Metro from C$75.00 to C$79.00 and gave the stock a “sector perform” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$76.44.

Metro Stock Performance

Shares of MRU stock opened at C$76.67 on Friday. The firm’s 50 day moving average price is C$70.89 and its 200-day moving average price is C$70.14. The company has a debt-to-equity ratio of 62.28, a quick ratio of 0.41 and a current ratio of 1.12. Metro has a one year low of C$60.59 and a one year high of C$76.82. The firm has a market cap of C$18.29 billion and a P/E ratio of 21.30.

Metro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 8th. Stockholders of record on Tuesday, November 8th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Thursday, October 20th. Metro’s payout ratio is 22.22%.

About Metro

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Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries, as well as Mediterranean and Middle Eastern products.

Further Reading

Earnings History and Estimates for Metro (TSE:MRU)

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