Metro Inc. (TSE:MRU) Forecasted to Post Q1 2023 Earnings of $0.97 Per Share

Metro Inc. (TSE:MRUGet Rating) – Stock analysts at Desjardins issued their Q1 2023 earnings estimates for Metro in a research report issued on Wednesday, November 16th. Desjardins analyst C. Li forecasts that the company will post earnings per share of $0.97 for the quarter. The consensus estimate for Metro’s current full-year earnings is $4.40 per share. Desjardins also issued estimates for Metro’s Q2 2023 earnings at $0.93 EPS, Q3 2023 earnings at $1.28 EPS, Q4 2023 earnings at $1.00 EPS, FY2023 earnings at $4.18 EPS and FY2024 earnings at $4.45 EPS.

A number of other brokerages also recently weighed in on MRU. ATB Capital raised their target price on shares of Metro from C$76.00 to C$80.00 in a research note on Thursday. Canaccord Genuity Group raised their target price on shares of Metro from C$71.00 to C$72.00 in a research note on Thursday. CIBC decreased their target price on shares of Metro from C$73.00 to C$71.00 and set a “neutral” rating for the company in a research note on Thursday, August 11th. National Bankshares raised their target price on shares of Metro from C$75.00 to C$79.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, TD Securities raised their target price on shares of Metro from C$75.00 to C$76.00 and gave the company a “hold” rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$76.44.

Metro Price Performance

Shares of TSE MRU opened at C$76.67 on Friday. Metro has a fifty-two week low of C$60.59 and a fifty-two week high of C$76.82. The company has a 50 day simple moving average of C$70.89 and a two-hundred day simple moving average of C$70.14. The company has a market capitalization of C$18.29 billion and a price-to-earnings ratio of 21.30. 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 Announces Dividend

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

Metro Company Profile

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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.

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Earnings History and Estimates for Metro (TSE:MRU)

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