Metro (OTCMKTS:MTRAF) Announces Earnings Results, Beats Expectations By $0.03 EPS

Metro (OTCMKTS:MTRAF) announced its earnings results on Wednesday. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03, Zacks reports. Metro had a return on equity of 15.02% and a net margin of 4.52%.

Metro Stock Up 1.0%

MTRAF traded up $0.62 on Wednesday, hitting $65.06. 541 shares of the company were exchanged, compared to its average volume of 21,789. The stock’s fifty day moving average is $66.30 and its 200-day moving average is $67.44. Metro has a 12 month low of $60.71 and a 12 month high of $83.02. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 1.43. The company has a market cap of $13.60 billion and a PE ratio of 26.45.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut shares of Metro from an “outperform” rating to a “market perform” rating in a research note on Monday, July 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Metro Company Profile

Metro AG, trading in the United States as an American Depositary Receipt under the symbol MTRAF, is a leading international wholesale company focused on supplying the foodservice and hospitality sectors. Through its METRO Cash & Carry division, the company operates self-service wholesale outlets that offer a broad assortment of food products, fresh perishables, non-food items and hotel and restaurant equipment. Metro’s business model caters exclusively to professional customers—hotels, restaurants, caterers and independent retailers—enabling them to purchase in bulk at competitive prices.

Founded in 1964 and headquartered in Düsseldorf, Germany, Metro has grown its footprint across Europe and Asia, serving customers in more than 30 countries.