Metro (OTCMKTS:MTRAF) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Metro (OTCMKTS:MTRAF) posted its quarterly earnings data 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 net margin of 4.52% and a return on equity of 15.02%. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.86 billion.

Metro Stock Performance

Shares of MTRAF remained flat at $65.06 during trading hours on Thursday. The company had a trading volume of 108,946 shares, compared to its average volume of 68,396. The stock’s 50 day moving average is $66.33 and its 200-day moving average is $67.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.43 and a quick ratio of 0.59. The firm has a market cap of $13.60 billion and a P/E ratio of 26.45. Metro has a 12 month low of $60.71 and a 12 month high of $83.02.

Wall Street Analysts Forecast Growth

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

About Metro

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.