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.

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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.

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Earnings History and Estimates for Metro (TSE:MRU)

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