MRU.TO - Metro Inc.

Toronto - Toronto Delayed Price. Currency in CAD
54.55
-0.06 (-0.11%)
At close: 4:00PM EST
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Previous Close54.61
Open54.60
Bid54.55 x 0
Ask54.59 x 0
Day's Range54.55 - 55.19
52 Week Range47.18 - 59.03
Volume425,624
Avg. Volume465,739
Market Cap13.866B
Beta (5Y Monthly)0.15
PE Ratio (TTM)19.62
EPS (TTM)2.78
Earnings DateJan. 27, 2020
Forward Dividend & Yield0.80 (1.46%)
Ex-Dividend DateOct. 22, 2019
1y Target Est57.40
  • CNW Group

    Media Advisory - METRO 2020 Annual General Meeting of Shareholders

    MONTREAL , Jan. 20, 2020 /CNW Telbec/ - METRO (TSX: MRU) will hold its Annual General Meeting of Shareholders and announce its first quarter fiscal 2020 results. Event Information: Tuesday, January 28, ...

  • A Look At The Intrinsic Value Of Metro Inc. (TSE:MRU)
    Simply Wall St.

    A Look At The Intrinsic Value Of Metro Inc. (TSE:MRU)

    In this article we are going to estimate the intrinsic value of Metro Inc. (TSE:MRU) by estimating the company's...

  • CNW Group

    METRO Inc. to Release 2020 First Quarter Results

    MONTREAL , Jan. 9, 2020 /CNW Telbec/ - Metro Inc. will release its first quarter fiscal 2020 results on January 28 th , 2020. The release will be followed by a conference call at 1:30 p.m. (EST) . Mr. ...

  • Growth Investors: Make 173% Gains With This 1 Stock!
    The Motley Fool

    Growth Investors: Make 173% Gains With This 1 Stock!

    Metro Inc is trading at a steep discount to intrinsic value. Add it to your TFSA or RRSP today!

  • Recession-Proof Your Portfolio in 2020 With 3 Incredible Stocks
    The Motley Fool

    Recession-Proof Your Portfolio in 2020 With 3 Incredible Stocks

    Metro stock, Open Text stock, and Pembina stock are three resilient stocks that you should consider investing in to recession-proof your portfolio.

  • What To Know Before Buying Metro Inc. (TSE:MRU) For Its Dividend
    Simply Wall St.

    What To Know Before Buying Metro Inc. (TSE:MRU) For Its Dividend

    Is Metro Inc. (TSE:MRU) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be...

  • Avoid Stomach-Churning Losses in 2020 With 2 Low-Risk Stocks
    The Motley Fool

    Avoid Stomach-Churning Losses in 2020 With 2 Low-Risk Stocks

    Metro and Rogers are two low-risk stocks to provide your investment portfolio with protection against the possibility of loss.

  • 71,200 Jobs Lost in Canada: Does This Foreshadow a Financial Crisis in 2020?
    The Motley Fool

    71,200 Jobs Lost in Canada: Does This Foreshadow a Financial Crisis in 2020?

    With warning bells ringing, we might face a financial crisis in the coming year! And stocks like Metro Inc. might be able to keep your finances safe.

  • My Stock Picks Beat the TSX in 2019! 3 Winning Strategies to Outperform the Market in 2020
    The Motley Fool

    My Stock Picks Beat the TSX in 2019! 3 Winning Strategies to Outperform the Market in 2020

    Here’s a recap of my top stock picks in 2019 and how you can use the same strategies to outperform the market in 2020.

  • CNW Group

    METRO Inc. to Host a Conference Call on the Impact of the Adoption of IFRS 16-Leases

    MONTREAL , Dec. 11, 2019 /CNW Telbec/ - METRO Inc. will hold a conference call on December 18 th , 2019 to discuss the impact of the implementation of the new IFRS 16- leases accounting standard on its ...

  • CNW Group

    METRO sells MissFresh

    MONTRÉAL, Dec. 9, 2019 /CNW Telbec/ - METRO announced today that it is selling MissFresh to Cook it, another Montreal -based ready-to-cook meal company, as part of a transaction involving all of MissFresh's ...

  • 1 Low-Risk Dividend Stock That Returned a Whopping 25% This Year
    The Motley Fool

    1 Low-Risk Dividend Stock That Returned a Whopping 25% This Year

    The Metro stock is a dividend aristocrat that pays a relatively lower dividend. However, the grocer stock is one of the best choices if you want a low-risk, long-term investment.

  • Defensive Investors: Here’s the “Best Buy” Consumer Staple
    The Motley Fool

    Defensive Investors: Here’s the “Best Buy” Consumer Staple

    Defensive stocks continue to be one of the most important industries to add exposure to going into 2020, such as a stock like Loblaw Companies Ltd (TSX:L).

  • Metro Inc. Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models
    Simply Wall St.

    Metro Inc. Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models

    Metro Inc. (TSE:MRU) came out with its full-year results last week, and we wanted to see how the business is...

  • Buy This Consumer Staples Stock if You’re Worried About a Slowdown
    The Motley Fool

    Buy This Consumer Staples Stock if You’re Worried About a Slowdown

    Metro Inc. (TSX:MRU) is a top stock to own in a slowdown, as this company can be expected to continue to post healthy results that are immune to economic shocks.

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (17,005.82, down 5.58 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Up 39 cents, or 12.54 per cent, to $3.50 on 28.4 million shares.Cenovus Energy Inc. (TSX:CVE). Energy. Up five cents, or 0.42 per cent, to $11.86 on 8.3 million shares.Encana Corp. (TSX:ECA). Energy. Up 16 cents, or 3.04 per cent, to $5.42 on 8 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Up 16 cents, or 21.92 per cent, to 89 cents on 6.9 million shares.Canopy Growth Corp. (TSX:WEED). Health care. Up $3.18, or 15.66 per cent, to $23.49 on 6.7 million shares.Aphria Inc. (TSX:APHA). Health care. Up 31 cents, or 5.46 per cent, to $5.99 on 6.1 million shares. Companies in the news:Canadian National Railway Co. (TSX:CNR). Down $2.20 or 1.8 per cent to $120.45. A chronic shortage of truck drivers across Canada is compounding concerns about the impact of a strike at Canadian National Railway Co., says the Forest Products Association of Canada. The forest industry supplies about 10 per cent of the tonnage transported on Canada's railway system, CEO Derek Nighbor said, adding his industry is already reeling from a downturn that has resulted in several mill shutdowns and hundreds of layoffs in British Columbia. The strike by roughly 3,200 Teamsters Canada Rail Conference members began after the union and company failed to reach a deal by a Monday midnight deadline.Metro Inc. (TSX:MRU). Up 74 cents or 1.3 per cent to $55.98. Metro Inc. plans to roughly double the number stores with self checkouts during its 2020 financial year as the industry contends with a tight labour market. CEO Eric La Fleche said the company is managing through the problem so far but he noted at a certain point, if staff don't show up or stores can't find people to fill vacancies, store conditions start to reflect that reality. More than 100 Metro stores already have self checkouts installed and the company plans to add the technology to another 100 locations this fiscal year, he said.Encana Corp. (TSX:ECA). — The CEO of Encana Corp. is firing back after Canadian investment manager Letko, Brosseau & Associates Inc. said it would vote its four per cent stake against the Calgary-based company's planned headquarters move to Denver. Doug Suttles, a Texan who lives in Denver, says the company is "disappointed" by the investor's stance against what he says is a "crystal clear" rationale to expose the company to growing pools of investment from U.S. index funds and passively managed accounts. He says he disagrees with Letko Brosseau's assertion that the move means investors holding Encana through indexed Canadian funds or with Canadian-only investment policies would have to sell shares, thus compounding recent share price deterioration.This report by The Canadian Press was first published Nov. 20, 2019. The Canadian Press

  • Metro Inc. expanding use of in-store technology amid labour crunch
    The Canadian Press

    Metro Inc. expanding use of in-store technology amid labour crunch

    Metro Inc. plans to roughly double the number stores with self checkouts during its 2020 financial year as the industry contends with a tight labour market."It's a challenge," said CEO Eric La Fleche, during a conference call with analysts after the company released its fourth-quarter results."I suspect it's a challenge for everybody in retail and it's a challenge for us to staff stores."In October, the unemployment rate in Quebec was five per cent and 5.3 per cent in Ontario, according to Statistics Canada. Both fell below the national rate of 5.5 per cent.Metro operates most of its food and pharmacy stores in Canada's two largest provinces along with some Jean Coutu locations in New Brunswick.La Fleche said the company is managing through the problem so far but he noted at a certain point, if staff don't show up or stores can't find people to fill vacancies, store conditions start to reflect that reality."That's why technology, like self checkout or shelf labels, helps in making the job simpler for our store people," he said.More than 100 Metro stores already have self checkouts installed and the company plans to add the technology to another 100 locations this fiscal year, he said.Currently, 37 stores have electronic shelf labels that don't require price tags to be updated manually, he said, and Metro is targeting to boost that number to close to 100 by the end of its 2020 financial year.While the company is installing the self checkouts in an effort to improve customer experience, La Fleche said the technology and electronic shelf labels help manage labour costs."If we manage our hours well ... we're seeing some labour savings as expected to provide the return on investments."Labour savings vary by store, he added.The comments came as the retailer ended its fiscal year with a 15.4 per cent net earnings boost in the fourth quarter.The Montreal-based company earned $167.4 million or 66 cents per diluted share for the period ended Sept. 28, up from 56 cents per share or $145 million a year earlier.Excluding one-time items, Metro earned $174 million or 68 cents per share in adjusted profits, compared with $161 million or 63 cents per share a year ago.Revenues increased 3.3 per cent to $3.86 billion, from $3.74 billion as food same-store sales climbed 4.1 per cent and pharmacy same-store sale were up 3.4 per cent.Metro was expected to report 69 cents per share in adjusted profits on $3.85 billion of revenues, according to financial markets data firm Refinitiv.For the full year, net earnings fell by more than half to $714.4 million from $1.72 billion following the sale of operations. Adjusted profits grew 26.3 per cent to $731.6 million or $2.84 per share. That compared with $579.2 million or $2.41 per share in the 2018 fiscal year.Revenues were $16.77 billion, up 16.6 per cent from $14.38 billion or up 3.2 per cent when excluding the Jean Coutu Group.This report by The Canadian Press was first published on Nov. 20, 2019.Companies in this story: (TSX:MRU)Aleksandra Sagan, The Canadian Press

  • CNW Group

    METRO INC. Renews its Share Buyback Program

    MONTREAL , Nov. 20, 2019 /CNW Telbec/ - METRO INC. (MRU.TO) announces that it is renewing its normal course issuer bid program and that such renewal has been approved by the Toronto Stock Exchange. The Corporation decided to renew the issuer bid program as an additional option for using excess funds. Thus, the Corporation will be able to repurchase, in the normal course of business, between November 25, 2019 and November 24, 2020 , up to 7,000,000 of its Common Shares representing approximately 2.75 % of its issued and outstanding shares on November 12, 2019 .

  • CNW Group

    METRO Reports 2019 Fourth Quarter Results

    MONTRÉAL, Nov. 20, 2019 /CNW Telbec/ - METRO INC. (TSX: MRU) today announced its results for the fourth quarter of fiscal 2019 ended September 28, 2019. 2019 FOURTH QUARTER HIGHLIGHTS Sales of $3,858.9 ...