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

Metro Inc. (TSE:MRU) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.335 per share on Tuesday, June 4th. This represents a $1.34 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, May 14th.

Metro Trading Up 1.0 %

Shares of TSE:MRU opened at C$70.95 on Friday. The business’s 50-day moving average is C$72.19 and its 200 day moving average is C$70.61. Metro has a 1 year low of C$65.43 and a 1 year high of C$78.88. The firm has a market capitalization of C$16.11 billion, a P/E ratio of 16.24, a P/E/G ratio of 2.12 and a beta of 0.04. The company has a debt-to-equity ratio of 65.71, a current ratio of 1.16 and a quick ratio of 0.41.

Metro (TSE:MRU) last announced its earnings results on Wednesday, April 24th. The company reported C$0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.91. Metro had a return on equity of 15.00% and a net margin of 4.81%. The company had revenue of C$4.66 billion for the quarter, compared to analyst estimates of C$4.63 billion. On average, research analysts predict that Metro will post 4.2576393 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MRU. BMO Capital Markets increased their price objective on Metro from C$73.00 to C$75.00 in a report on Wednesday, January 31st. Scotiabank cut their price objective on Metro from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a report on Monday. CIBC increased their price objective on Metro from C$76.00 to C$77.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank of Canada cut their price objective on Metro from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 31st. Finally, TD Securities increased their price objective on Metro from C$78.00 to C$80.00 in a report on Thursday. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Metro presently has a consensus rating of “Hold” and an average target price of C$77.86.

About Metro

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.