Brokerages expect Monro Inc (NASDAQ:MNRO) to report $298.37 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Monro’s earnings. The highest sales estimate is $302.50 million and the lowest is $295.60 million. Monro posted sales of $278.02 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.3%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Thursday, October 25th.
According to Zacks, analysts expect that Monro will report full-year sales of $1.19 billion for the current year, with estimates ranging from $1.18 billion to $1.20 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.27 billion, with estimates ranging from $1.24 billion to $1.30 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Monro.
Monro (NASDAQ:MNRO) last issued its quarterly earnings data on Thursday, July 26th. The auto parts company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). Monro had a return on equity of 11.81% and a net margin of 5.85%. The company had revenue of $295.80 million for the quarter, compared to the consensus estimate of $296.80 million. During the same period in the prior year, the company earned $0.55 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year.
MNRO has been the topic of several recent research reports. Guggenheim set a $67.00 target price on shares of Monro and gave the company a “buy” rating in a research note on Friday, July 13th. Goldman Sachs Group raised shares of Monro from a “neutral” rating to a “buy” rating in a research note on Friday, July 13th. ValuEngine upgraded shares of Monro from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Zacks Investment Research upgraded shares of Monro from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Tuesday, July 24th. Finally, BidaskClub downgraded shares of Monro from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Monro presently has an average rating of “Hold” and an average target price of $69.00.
In other news, Director Donald Glickman sold 10,000 shares of Monro stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $69.66, for a total value of $696,600.00. Following the sale, the director now directly owns 189,250 shares in the company, valued at $13,183,155. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter J. Solomon sold 5,000 shares of Monro stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $70.04, for a total transaction of $350,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,000 shares of company stock worth $4,574,800 over the last 90 days. Corporate insiders own 4.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. CenterStar Asset Management LLC bought a new position in Monro during the second quarter worth $101,000. Kessler Investment Group LLC bought a new position in Monro during the second quarter worth $132,000. PEAK6 Investments L.P. boosted its position in Monro by 979.0% during the second quarter. PEAK6 Investments L.P. now owns 3,516 shares of the auto parts company’s stock worth $204,000 after purchasing an additional 3,916 shares during the period. Xact Kapitalforvaltning AB boosted its position in Monro by 72.3% during the first quarter. Xact Kapitalforvaltning AB now owns 6,437 shares of the auto parts company’s stock worth $345,000 after purchasing an additional 2,700 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Monro during the second quarter worth $404,000.
Shares of NASDAQ MNRO traded up $0.66 during mid-day trading on Wednesday, hitting $65.95. The company’s stock had a trading volume of 267,207 shares, compared to its average volume of 273,123. The firm has a market capitalization of $2.15 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 4.64 and a beta of 0.83. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.61. Monro has a one year low of $45.45 and a one year high of $73.45.
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.
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