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

Metro Inc. (TSE:MRU) – Equities research analysts at Desjardins lifted their FY2024 earnings per share estimates for shares of Metro in a report issued on Wednesday, April 24th. Desjardins analyst C. Li now forecasts 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.

A number of other equities research analysts have also recently weighed in on MRU. Royal Bank of Canada dropped their price target on Metro from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 31st. CIBC raised their price objective on Metro from C$76.00 to C$77.00 and gave the company a “neutral” rating in a research note on Thursday. BMO Capital Markets lifted their price target on Metro from C$73.00 to C$75.00 in a research note on Wednesday, January 31st. Scotiabank lowered their price objective on Metro from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Finally, TD Securities lifted their target price on Metro from C$78.00 to C$80.00 in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$77.86.

Metro Trading Down 0.0 %

Shares of Metro stock opened at C$70.92 on Friday. Metro has a 12-month low of C$65.43 and a 12-month high of C$78.88. The stock has a market cap of C$16.10 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.12 and a beta of 0.04. The company has a quick ratio of 0.41, a current ratio of 1.16 and a debt-to-equity ratio of 65.71. The business’s 50 day moving average is C$72.19 and its 200-day moving average is C$70.61.

Metro (TSE:MRU) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.91. Metro had a return on equity of 15.00% and a net margin of 4.81%. The firm had revenue of C$4.66 billion during the quarter, compared to the consensus estimate of C$4.63 billion.

Metro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be given a $0.335 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.34 annualized dividend and a yield of 1.89%. Metro’s dividend payout ratio is currently 30.66%.

About Metro

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.