Metro Inc. Expected to Earn Q3 2018 Earnings of $0.81 Per Share (TSE:MRU)

Metro Inc. (TSE:MRU) – Investment analysts at Desjardins issued their Q3 2018 earnings per share (EPS) estimates for Metro in a report issued on Thursday, Zacks Investment Research reports. Desjardins analyst K. Howlett forecasts that the company will post earnings per share of $0.81 for the quarter. Desjardins also issued estimates for Metro’s Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.48 EPS and FY2019 earnings at $2.94 EPS.

A number of other brokerages also recently issued reports on MRU. Royal Bank of Canada cut their price objective on Metro from C$47.00 to C$44.00 and set a “sector perform” rating for the company in a research report on Thursday, November 23rd. Scotiabank reissued an “outperform” rating and set a C$51.00 price objective on shares of Metro in a research report on Monday, November 20th. Barclays raised their price objective on Metro from C$44.00 to C$45.00 in a research report on Tuesday, October 3rd. Eight Capital cut their price objective on Metro from C$47.00 to C$45.00 and set a “neutral” rating for the company in a research report on Tuesday, October 3rd. Finally, TD Securities downgraded Metro from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$49.00 to C$44.00 in a research report on Tuesday, September 5th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$47.10.

Shares of Metro (TSE MRU) opened at C$40.60 on Monday. Metro has a 52 week low of C$38.00 and a 52 week high of C$47.41.

In related news, insider Carmine Fortino sold 8,041 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of C$40.25, for a total transaction of C$323,650.25.

TRADEMARK VIOLATION WARNING: This report was originally published by Week Herald and is owned by of Week Herald. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at

About Metro

Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and convenience stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, fruits and vegetables, meats, frozen foods, bakery and deli products, and pastry and charcutery products, as well as perishable products.

Get a free copy of the Zacks research report on Metro (MRU)

For more information about research offerings from Zacks Investment Research, visit

Earnings History and Estimates for Metro (TSE:MRU)

Receive News & Ratings for Metro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro and related companies with's FREE daily email newsletter.

Leave a Reply