Equities analysts expect that Monro Inc (NASDAQ:MNRO) will post sales of $292.93 million for the current quarter, according to Zacks. Four analysts have issued estimates for Monro’s earnings. The highest sales estimate is $305.40 million and the lowest is $285.40 million. Monro posted sales of $288.28 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.6%. The firm is expected to report its next earnings report on Wednesday, February 7th.
According to Zacks, analysts expect that Monro will report full year sales of $292.93 million for the current year, with estimates ranging from $1.12 billion to $1.15 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.21 billion per share, with estimates ranging from $1.19 billion to $1.25 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Monro.
Monro (NASDAQ:MNRO) last issued its earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $278.02 million during the quarter, compared to analyst estimates of $277.06 million. Monro had a return on equity of 10.82% and a net margin of 5.66%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS.
A number of brokerages recently issued reports on MNRO. Zacks Investment Research upgraded Monro from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet upgraded Monro from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Oppenheimer reiterated a “buy” rating on shares of Monro in a research note on Friday, December 15th. BidaskClub upgraded Monro from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, KeyCorp reiterated a “hold” rating on shares of Monro in a research note on Tuesday, October 24th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Monro has an average rating of “Hold” and a consensus target price of $63.33.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MNRO. Schwab Charles Investment Management Inc. raised its stake in shares of Monro by 8.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 182,609 shares of the auto parts company’s stock valued at $7,624,000 after buying an additional 14,434 shares during the last quarter. Arizona State Retirement System grew its position in shares of Monro by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 17,091 shares of the auto parts company’s stock valued at $714,000 after acquiring an additional 100 shares during the period. First Trust Advisors LP acquired a new stake in shares of Monro during the 2nd quarter valued at about $670,000. Legal & General Group Plc grew its position in shares of Monro by 8.9% during the 2nd quarter. Legal & General Group Plc now owns 63,083 shares of the auto parts company’s stock valued at $2,631,000 after acquiring an additional 5,158 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in shares of Monro by 51.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,060 shares of the auto parts company’s stock valued at $420,000 after acquiring an additional 3,428 shares during the period.
Monro (MNRO) opened at $56.95 on Friday. The stock has a market capitalization of $1,882.76, a price-to-earnings ratio of 30.45, a P/E/G ratio of 2.11 and a beta of 0.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 0.28. Monro has a 52 week low of $39.65 and a 52 week high of $61.10.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, December 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from Monro’s previous quarterly dividend of $0.11. Monro’s dividend payout ratio (DPR) is presently 38.50%.
Monro Company Profile
Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
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