National Bank Financial Brokers Raise Earnings Estimates for Metro Inc. (TSE:MRU)

Metro Inc. (TSE:MRU) – Equities research analysts at National Bank Financial boosted their Q3 2021 earnings per share estimates for shares of Metro in a report issued on Tuesday, April 13th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $1.15 per share for the quarter, up from their prior estimate of $1.05. National Bank Financial currently has a “Sector Perform” rating and a $64.00 target price on the stock. National Bank Financial also issued estimates for Metro’s Q4 2021 earnings at $0.80 EPS, FY2021 earnings at $3.48 EPS, Q1 2022 earnings at $0.84 EPS, Q3 2022 earnings at $1.25 EPS, Q4 2022 earnings at $0.88 EPS and FY2022 earnings at $3.73 EPS.

Metro (TSE:MRU) last announced its earnings results on Tuesday, January 26th. The company reported C$0.79 earnings per share for the quarter, missing the consensus estimate of C$0.83 by C($0.04). The business had revenue of C$4.28 billion during the quarter, compared to analysts’ expectations of C$4.40 billion.

MRU has been the topic of a number of other research reports. Royal Bank of Canada dropped their price objective on Metro from C$68.00 to C$65.00 and set a “sector perform” rating on the stock in a research note on Monday, January 25th. ATB Capital lifted their target price on Metro from C$61.00 to C$62.00 in a report on Wednesday, January 27th. TD Securities decreased their target price on Metro from C$62.00 to C$60.00 and set a “hold” rating on the stock in a report on Friday, January 8th. National Bankshares lifted their price target on Metro from C$61.00 to C$64.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, CIBC reduced their price objective on Metro from C$63.00 to C$60.00 in a research note on Wednesday, January 27th. Five equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of C$62.86.

MRU opened at C$58.97 on Friday. Metro has a one year low of C$52.63 and a one year high of C$66.25. The company has a debt-to-equity ratio of 74.78, a quick ratio of 0.54 and a current ratio of 1.16. The stock’s fifty day moving average is C$56.23 and its 200-day moving average is C$58.58. The company has a market capitalization of C$14.65 billion and a PE ratio of 18.25.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 8th. Investors of record on Monday, March 8th were issued a $0.25 dividend. The ex-dividend date was Wednesday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.70%. This is an increase from Metro’s previous quarterly dividend of $0.23. Metro’s dividend payout ratio is currently 27.86%.

About Metro

Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates food stores, including supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, general merchandise, non-perishable goods, dairy products, fruits and vegetables, frozen foods, bakery products, pastries, and deli products, as well as Mediterranean and Middle-Eastern products; and drug stores and pharmacies.

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Earnings History and Estimates for Metro (TSE:MRU)

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