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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About Metro

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.

Earnings History and Estimates for Metro (TSE:MRU)

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