Metro, Inc. (MRU) Expected to Earn FY2018 Earnings of $2.61 Per Share
Metro, Inc. (TSE:MRU) – Equities research analysts at Desjardins increased their FY2018 earnings per share estimates for shares of Metro in a research note issued on Wednesday. Desjardins analyst K. Howlett now forecasts that the company will post earnings of $2.61 per share for the year, up from their previous forecast of $2.48.
Several other equities research analysts also recently commented on the company. Royal Bank of Canada reduced their target price on Metro from C$47.00 to C$44.00 and set a “sector perform” rating for the company in a report on Thursday, November 23rd. Scotiabank reaffirmed an “outperform” rating and set a C$51.00 target price on shares of Metro in a report on Monday, November 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$47.10.
Metro (TSE:MRU) last announced its quarterly earnings data on Wednesday, November 22nd. The company reported C$0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.65 by C$0.01. Metro had a return on equity of 21.29% and a net margin of 4.80%.
In other news, insider Carmine Fortino sold 7,994 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of C$40.34, for a total transaction of C$322,477.96.
Metro Company Profile
Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and drug stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, prepared meals, fruits and vegetables, meats, and frozen foods.
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