Key Points
- Insider sale: Metro insider Simon Rivet sold 2,650 shares for C$236,777.50 at an average price of C$89.35, reducing his holdings by 11.58% to 20,225 shares.
- Financial and dividend update: Metro reported quarterly revenue of C$6.97 billion and EPS of C$1.24, while declaring a quarterly dividend of C$0.4075, equivalent to a 1.8% annual yield.
- Analyst outlook: Metro has an overall “Hold” rating, with an average price target of C$102.33; recommendations range from “Strong Buy” to “Hold.”
Metro Inc. (TSE:MRU - Get Free Report) insider Simon Rivet sold 2,650 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$89.35, for a total value of C$236,777.50. Following the completion of the transaction, the insider directly owned 20,225 shares of the company's stock, valued at C$1,807,103.75. This represents a 11.58% decrease in their position.
Metro Price Performance
Shares of TSE MRU opened at C$90.15 on Thursday. The company has a quick ratio of 0.41, a current ratio of 1.43 and a debt-to-equity ratio of 71.09. Metro Inc. has a fifty-two week low of C$86.63 and a fifty-two week high of C$101.30. The business has a 50 day moving average price of C$91.02 and a two-hundred day moving average price of C$92.06. The firm has a market cap of C$18.87 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 4.06 and a beta of 0.11.
Metro (TSE:MRU - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported C$1.24 earnings per share (EPS) for the quarter. Metro had a return on equity of 12.87% and a net margin of 4.00%.The company had revenue of C$6.97 billion for the quarter. Sell-side analysts expect that Metro Inc. will post 4.8188614 earnings per share for the current fiscal year.
Metro Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 22nd will be paid a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, September 3rd. Metro's payout ratio is 36.94%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on MRU shares. TD Securities raised Metro to a "strong-buy" rating in a report on Wednesday, July 29th. National Bank Financial reduced their target price on Metro from C$105.00 to C$102.00 and set a "sector perform" rating on the stock in a report on Thursday, August 13th. TD lifted their target price on Metro from C$106.00 to C$108.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. BMO Capital Markets downgraded Metro from an "outperform" rating to a "hold" rating and lowered their price target for the company from C$105.00 to C$95.00 in a report on Monday, July 20th. Finally, Royal Bank Of Canada dropped their price target on Metro from C$111.00 to C$110.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$102.33.
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Metro Company Profile
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With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.
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