Metro (MTRAF) Set to Post Earnings on Wednesday

Metro (OTCMKTS:MTRAF) is projected to issue its results before the market opens on Wednesday, November 18th. Analysts expect Metro to announce earnings of $0.6850 per share and revenue of $3.63 billion for the quarter.

Metro (OTCMKTS:MTRAF) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.86 billion. Metro had a net margin of 4.01% and a return on equity of 14.24%.

Metro Trading Up 0.1%

MTRAF opened at $69.92 on Wednesday. The firm has a market capitalization of $14.52 billion and a P/E ratio of 20.80. The firm’s 50 day moving average is $66.04 and its 200-day moving average is $66.81. Metro has a 52-week low of $60.71 and a 52-week high of $83.02. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.67.

Analyst Ratings Changes

Several brokerages have recently weighed in on MTRAF. BMO Capital Markets downgraded shares of Metro from an “outperform” rating to a “market perform” rating in a research note on Monday, July 20th. Canadian Imperial Bank of Commerce began coverage on shares of Metro in a research note on Thursday, October 22nd. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Metro Company Profile

Metro Inc. is a Canadian food and pharmacy retailer serving customers primarily in Quebec and Ontario. Its grocery banners include Metro and Metro Plus, discount stores under the Super C and Food Basics names, and specialty food retailers such as Adonis. The company also provides online grocery shopping and operates food distribution and logistics services. In pharmacy, Metro operates and supports stores under banners including Jean Coutu and Brunet, as well as Metro Pharmacy. Its network includes both company-operated and franchised or affiliated locations.