Metro (OTCMKTS:MTRAF) Releases Earnings Results, Beats Expectations By $0.03 EPS

Metro (OTCMKTS:MTRAF) issued 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 return on equity of 15.02% and a net margin of 4.52%.

Metro Stock Up 1.0%

MTRAF traded up $0.62 during trading on Wednesday, reaching $65.06. 541 shares of the stock were exchanged, compared to its average volume of 21,789. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 1.43. The stock’s 50 day moving average price is $66.30 and its two-hundred day moving average price is $67.44. Metro has a twelve month low of $60.71 and a twelve month high of $83.02. The stock has a market cap of $13.60 billion and a P/E ratio of 26.45.

Analyst Upgrades and Downgrades

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