|Bid||54.29 x 0|
|Ask||54.31 x 0|
|Day's Range||54.27 - 55.48|
|52 Week Range||47.67 - 59.03|
|Beta (5Y Monthly)||0.13|
|PE Ratio (TTM)||20.42|
|Forward Dividend & Yield||0.80 (1.45%)|
|Ex-Dividend Date||Oct. 23, 2019|
|1y Target Est||N/A|
Grocery stores are largely overlooked as promising investments. Here's a look at two of Canada's largest grocers and which one belongs in your portfolio.
With Warren Buffett entering the grocery business, investors can now feel free to buy Metro Inc. (TSX:MRU), the finest Canadian grocer. Here's why.
It looks like Metro Inc. (TSE:MRU) is about to go ex-dividend in the next 3 days. Investors can purchase shares before...
Metro Inc. has a large market presence and robust earnings growth. Here's why investors can add this stock to their RRSP or TFSA portfolio.
Metro Inc. saw sales rise for the first quarter of its 2020 financial year, but its earnings fell just short of analysts' expectations.The year "is off to a good start with solid revenue and earnings growth in a very competitive environment," said CEO Eric La Fleche in a statement as the company released its first-quarter results Tuesday.The grocery and pharmacy chain reported sales of nearly $4.03 billion for the quarter ended Dec. 21, up from nearly $3.98 billion in the same quarter the previous year.Same store sales, a key retail metric, at its food stores rose 1.4 per cent, the company said, while the same metric at its pharmacies jumped 3.6 per cent.Grocery store same-store sales would have been higher — up two per cent — if the shift in Christmas sales is taken into account, Metro said.The company reported a profit of $170.2 million or 67 cents per diluted share for the quarter compared with a profit of $203.1 million or 79 cents per diluted share in the same quarter the previous year when its results were boosted by the sale of its investment in Colo-D Inc.On an adjusted basis, Metro earned $180.9 million or 71 cents per diluted share in the quarter, up from an adjusted profit of $172.2 million or 67 cents per diluted share a year ago.Analysts on average had expected a profit of 74 cents per share, according to financial markets data firm Refinitiv.These results are "not quite squeaky clean," wrote Irene Nattel, an RBC Dominion Securities Inc. analyst, in a note, which she said is "unusual for this company."She noted analysts had also forecast slightly higher adjusted same-store sales at grocery stores at 2.8 per cent."Given the company's long track record of consistent performance, we are prepared to give (Metro) the benefit of the doubt," Nattel wrote.She said she chalks up the first-quarter shortfall to several things, including a calendar shift, and remains confident in the company's ability to deliver strong results.The grocer also announced it raised its dividend. It will pay a quarterly dividend of 22.5 cents per share compared with its previous payment of 20 cents per share.This report by The Canadian Press was first published Jan. 28, 2020.Companies in this story: (TSX:MRU)Aleksandra Sagan, The Canadian Press
Metro stock, Open Text stock, and Pembina stock are three resilient stocks that you should consider investing in to recession-proof your portfolio.
Is Metro Inc. (TSE:MRU) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be...
Metro and Rogers are two low-risk stocks to provide your investment portfolio with protection against the possibility of loss.
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.
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.
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 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. (TSE:MRU) came out with its full-year results last week, and we wanted to see how the business is...
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.
Metro stock, Empire Company stock, and Cogeco Communications are three Dividend Aristocrats with small yields and substantial growth.