Metro Inc. (TSE:MRU – Get Rating) – Investment analysts at Atb Cap Markets raised their first-quarter 2023 EPS estimates for Metro shares in a report issued Wednesday, November 16. Atb Cap Markets analyst K. Tyghe now anticipates the company to post earnings of $0.95 per share for the quarter, up from his previous estimate of $0.94. The consensus estimate for Metro’s current earnings for the full year is $4.40 per share. Atb Cap Markets also issued estimates for Metro’s second quarter 2023 earnings at $0.91 EPS and fiscal 2023 earnings at $4.18 EPS.
Several other brokerage firms have also issued reports on MRU. ATB Capital raised the price target on Metro shares to Cdn$80.00 from Cdn$76.00 in a research note on Thursday. Canaccord Genuity Group raised the price target on Metro shares to Cdn$72.00 from Cdn$71.00 in a research note on Thursday. TD Securities raised its target price on Metro’s shares to Cdn$76.00 from Cdn$75.00 and gave the company a “hold” rating in a research note on Thursday. BMO Capital Markets raised the price target on Metro shares to Cdn$82.00 from Cdn$78.00 in a research note on Thursday. Ultimately, CIBC lowered Metro’s share price target from Cdn$73.00 to Cdn$71.00 and set a “neutral” rating on the shares in a research note on Thursday, August 11. Six investment analysts have rated the stock with a hold rating. According to MarketBeat, Metro currently has a consensus rating of “Hold” and an average price target of Cdn$76.44.
Metro trade rose 1.2%
MRU opened at Cdn$76.67 on Monday. The stock has a market capitalization of Cdn$18.29 billion and a P/E ratio of 21.30. Metro has a 12-month minimum of C$60.59 and a 12-month maximum of C$76.82. The company’s fifty-day simple moving average is C$70.89 and its 200-day simple moving average is C$70.16. The company has a current ratio of 1.12, a quick ratio of 0.41, and a debt-to-equity ratio of 62.28.
Metro announces dividend
The company also recently revealed a quarterly dividend, which was paid on Tuesday, November 8. Shareholders of record on Tuesday, November 8, were paid a dividend of $0.275 per share. The ex-dividend date for this dividend was Thursday, October 20. This represents an annualized dividend of $1.10 and a dividend yield of 1.43%. Metro’s dividend payout ratio is currently 22.22%.
Metropolitan company profile
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 offer fresh produce and groceries, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery and pastry products, as well as Mediterranean and Middle Eastern products.
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