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

Metro Inc. (TSE:MRU) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Tuesday, May 14th.

Metro Price Performance

Shares of TSE:MRU opened at C$70.95 on Friday. The business’s fifty day moving average price is C$72.19 and its two-hundred day moving average price is C$70.61. The stock has a market cap of C$16.11 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. The company has a debt-to-equity ratio of 65.71, a quick ratio of 0.41 and a current ratio of 1.16. Metro has a one year low of C$65.43 and a one year high of C$78.88.

Metro (TSE:MRU) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C$0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.91. Metro had a return on equity of 15.00% and a net margin of 4.81%. The business had revenue of C$4.66 billion for the quarter, compared to analysts’ expectations of C$4.63 billion. On average, analysts forecast that Metro will post 4.2576393 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MRU shares. CIBC increased their target price on Metro from C$76.00 to C$77.00 and gave the stock a “neutral” rating in a research report on Thursday. BMO Capital Markets raised their price objective on Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. National Bankshares raised their price objective on Metro from C$80.00 to C$82.00 and gave the company a “sector perform” rating in a research report on Thursday. 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 research report on Monday. Finally, 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 research report on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$77.86.

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.