Metro: profit at risk

The current closure of hotels and restaurants due to the new wave of pandemics is also likely to have an impact on the metro’s numbers. Traditionally, the first quarter is very important for Metro.

The experts at DZ Bank have reduced their earnings estimate per share for 2020/2021 from EUR 0.51 to EUR 0.42. The forecast for the coming financial year drops from EUR 0.70 to EUR 0.66.

There is still a hold recommendation for the shares of Metro. The price target drops from EUR 9.00 to EUR 8.20.

Metro’s free float is now 36.4 percent. Most recently, EP Global Commerce increased its stake in Metro from 29.99 percent to 40.59 percent following a voluntary takeover offer. The Meridian Stiftung / Beisheim Holding holds 23.06 percent of the group.

For the past financial year, the analysts expect a dividend of 0.70 euros. In the new financial year it could be 0.21 euros. The Metro wants to distribute 45 percent to 55 percent of the profit in the future. Therefore there is a significantly lower dividend expectation.

The shares of the Metro gain in the morning 2.6 percent to 8.24 euros.


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