Metro (OTCMKTS:MTRAF) Releases Earnings Results, Misses Expectations By $0.84 EPS

Metro (OTCMKTS:MTRAF) released its quarterly earnings results on Wednesday. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.84), Zacks reports. Metro had a return on equity of 14.73% and a net margin of 4.44%.

Metro Price Performance

OTCMKTS:MTRAF traded down $0.58 during mid-day trading on Wednesday, reaching $66.54. 101 shares of the stock were exchanged, compared to its average volume of 5,824. The business has a fifty day moving average price of $69.28 and a 200 day moving average price of $69.64. The firm has a market capitalization of $14.05 billion and a PE ratio of 40.33. Metro has a 1-year low of $66.09 and a 1-year high of $83.02. The company has a current ratio of 1.42, a quick ratio of 0.53 and a debt-to-equity ratio of 0.65.

Wall Street Analyst Weigh In

MTRAF has been the topic of several research reports. BMO Capital Markets reissued an “outperform” rating on shares of Metro in a research report on Wednesday, January 28th. TD Securities reissued a “buy” rating on shares of Metro in a report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Metro presently has an average 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.