Metro Inc. Announces Quarterly Dividend of $0.34 (TSE:MRU)

Metro Inc. (TSE:MRU) announced a quarterly dividend on Monday, September 30th, Zacks reports. Shareholders of record on Thursday, October 24th will be paid a dividend of 0.335 per share on Tuesday, November 12th. This represents a $1.34 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 24th.

Metro Price Performance

Shares of TSE MRU opened at C$85.58 on Wednesday. Metro has a one year low of C$65.43 and a one year high of C$87.22. The firm has a market cap of C$19.05 billion, a PE ratio of 20.92, a PEG ratio of 2.12 and a beta of 0.08. The firm has a fifty day moving average of C$83.58 and a 200 day moving average of C$77.39. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10.

Metro (TSE:MRU) last released its earnings results on Wednesday, August 14th. The company reported C$1.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$1.35. Metro had a net margin of 4.36% and a return on equity of 13.74%. The business had revenue of C$6.65 billion during the quarter, compared to analyst estimates of C$6.58 billion. As a group, research analysts predict that Metro will post 4.7132311 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MRU. CIBC upped their price objective on shares of Metro from C$77.00 to C$86.00 in a report on Thursday, August 15th. Royal Bank of Canada increased their price objective on Metro from C$82.00 to C$84.00 in a research report on Friday, July 12th. Cfra lifted their target price on Metro from C$76.00 to C$85.00 in a research report on Thursday, August 15th. Desjardins boosted their price objective on Metro from C$75.00 to C$80.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Finally, TD Securities raised Metro from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$80.00 to C$92.00 in a report on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$84.25.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.