MRU.TO - Metro Inc.
| Previous Close | 57.27 |
| Open | 57.54 |
| Bid | 57.55 x 0 |
| Ask | 57.74 x 0 |
| Day's Range | 57.43 - 58.13 |
| 52 Week Range | 45.76 - 59.03 |
| Volume | 398,447 |
| Avg. Volume | 539,944 |
| Market Cap | 14.641B |
| Beta (3Y Monthly) | 0.14 |
| PE Ratio (TTM) | 20.72 |
| EPS (TTM) | 2.78 |
| Earnings Date | Jan. 27, 2020 - Jan. 31, 2020 |
| Forward Dividend & Yield | 0.80 (1.40%) |
| Ex-Dividend Date | 2019-10-24 |
| 1y Target Est | 57.40 |
- 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).
- Thomson Reuters StreetEvents
Edited Transcript of MRU.TO earnings conference call or presentation 20-Nov-19 2:30pm GMT
Q4 2019 Metro Inc Earnings Call
- 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...
- 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
- 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. (TSX:MRU.TO - News) 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 ...
- CNW Group
/R E P E A T -- METRO Inc. to Release 2019 Fourth Quarter Results/
MONTREAL , Oct. 8, 2019 /CNW Telbec/ - METRO Inc. will release its fourth quarter fiscal 2019 results on November 20 th , 2019. The release will be followed by a conference call at 9:30 a.m. (EST) . Mr. ...
- Simply Wall St.
A Note On Metro Inc.'s (TSE:MRU) ROE and Debt To Equity
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- The Motley Fool
3 Dividend Aristocrats You Can Buy for Effortless Growth
Metro stock, Empire Company stock, and Cogeco Communications are three Dividend Aristocrats with small yields and substantial growth.
- The Motley Fool
TFSA Investors: This Grocery Stock Can Make You Lots of Money
Metro Inc. stock is trading at a premium valuation, but here's why it can be a good defensive add to your portfolio.
- Simply Wall St.
Are Insiders Selling Metro Inc. (TSE:MRU) Stock?
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
- The Motley Fool
Canadian Families: 3 Important Ways You Can Prepare for the Next Recession
The time to prepare for a recession is now. There are easy steps you can take today including swapping high-risk stocks with boring names like Metro Inc. (TSX:MRU).
- The Motley Fool
Don’t Fear the Next Bear Market!
If the possibility of a recession is making you nervous, you should consider buying defensive stocks like Fortis (TSX:FTS)(NYSE:FTS).
- The Motley Fool
Canada Election: Focus on Food Stocks
Food prices continue to rise while retailers like Metro Inc. (TSX:MRU) and Loblaw Companies Ltd. (TSX:L) have posted solid same-store growth in 2019.
- The Motley Fool
Early Retirees: Recession Proof Your Retirement with This 1 Defensive Stock Strategy
The best strategy is to protect your investment portfolio, just in case you are unlucky enough to retire during a down year, with defensive stocks like Metro (TSX:MRU).
- The Motley Fool
This Stock Could Make You a TFSA Millionaire
You could end up having more than $1 million in your TFSA by buying Metro Inc. (TSX:MRU) stock.
- CNW Group
METRO Inc. to Release 2019 Fourth Quarter Results
MONTREAL , Oct. 8, 2019 /CNW Telbec/ - METRO Inc. will release its fourth quarter fiscal 2019 results on November 20 th , 2019. The release will be followed by a conference call at 9:30 a.m. (EST) . Mr. ...
- Simply Wall St.
Shareholders Are Thrilled That The Metro (TSE:MRU) Share Price Increased 131%
When you buy a stock there is always a possibility that it could drop 100%. But on a lighter note, a good company can...
- Baystreet
Stocks in play: Metro Inc.
Declared a quarterly dividend of $0.20 per common share, payable on November 12, to shareholders of ...
- CNW Group
METRO INC. - Dividend Notice
MONTRÉAL, Sept. 30, 2019 /CNW Telbec/ - METRO INC. declares a quarterly dividend of $0.20 per common share, payable on November 12, 2019 to shareholders of record as at October 25, 2019, which is the same ...
