Metro Inc. Forecasted to Earn Q3 2018 Earnings of $0.81 Per Share (MRU)
Metro Inc. (TSE:MRU) – Investment analysts at Desjardins issued their Q3 2018 earnings per share (EPS) estimates for shares of Metro in a research report issued to clients and investors on Thursday. Desjardins analyst K. Howlett expects that the company will earn $0.81 per share for the quarter. Desjardins also issued estimates for Metro’s Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.48 EPS and FY2019 earnings at $2.94 EPS.
Several other equities analysts also recently weighed in on MRU. Barclays dropped their target price on shares of Metro from C$45.00 to C$44.00 in a report on Monday, August 14th. National Bank Financial dropped their target price on shares of Metro from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a report on Wednesday, August 16th. CIBC dropped their target price on shares of Metro from C$48.00 to C$46.00 in a report on Wednesday, August 16th. Scotiabank dropped their target price on shares of Metro from C$54.00 to C$51.00 and set an “outperform” rating for the company in a report on Wednesday, August 16th. Finally, TD Securities dropped their target price on shares of Metro from C$50.00 to C$49.00 in a report on Wednesday, August 16th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$47.10.
Metro (TSE MRU) traded down C$0.07 during trading hours on Monday, reaching C$40.20. 339,304 shares of the company’s stock traded hands, compared to its average volume of 562,507. Metro has a 52-week low of C$38.00 and a 52-week high of C$47.41.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, October 27th were issued a dividend of $0.162 per share. The ex-dividend date was Thursday, October 26th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 1.61%. Metro’s dividend payout ratio (DPR) is presently 24.32%.
In other news, insider Carmine Fortino sold 8,041 shares of Metro stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of C$40.25, for a total transaction of C$323,650.25.
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Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and convenience stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, fruits and vegetables, meats, frozen foods, bakery and deli products, and pastry and charcutery products, as well as perishable products.
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