Metro (MTRAF) Projected to Post Quarterly Earnings on Wednesday

Metro (OTCMKTS:MTRAF) is projected to announce its results before the market opens on Wednesday, August 12th. Analysts expect the company to post earnings of $0.9030 per share and revenue of $4.8752 billion for the quarter.

Metro Price Performance

Metro stock opened at $66.02 on Wednesday. The business’s 50-day moving average price is $66.20 and its 200 day moving average price is $67.66. The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.65. The firm has a market cap of $13.84 billion and a price-to-earnings ratio of 26.84. Metro has a 52 week low of $60.71 and a 52 week high of $83.02.

Analyst Upgrades and Downgrades

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