Analysts expect Monro Inc (NASDAQ:MNRO) to announce $0.61 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Monro’s earnings, with estimates ranging from $0.59 to $0.64. Monro also reported earnings of $0.61 per share during the same quarter last year. The firm is expected to issue its next earnings results on Thursday, January 30th.
On average, analysts expect that Monro will report full-year earnings of $2.48 per share for the current year, with EPS estimates ranging from $2.46 to $2.49. For the next fiscal year, analysts forecast that the company will post earnings of $2.88 per share, with EPS estimates ranging from $2.69 to $3.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Monro.
Monro (NASDAQ:MNRO) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.11). The firm had revenue of $324.11 million for the quarter, compared to the consensus estimate of $330.07 million. Monro had a net margin of 6.48% and a return on equity of 11.41%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 earnings per share.
Several research firms have recently weighed in on MNRO. ValuEngine raised Monro from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. BMO Capital Markets reduced their price objective on Monro from $90.00 to $78.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. BidaskClub lowered Monro from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. SunTrust Banks reduced their price objective on Monro to $75.00 and set a “positive” rating for the company in a research note on Friday, October 25th. Finally, Zacks Investment Research lowered Monro from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $83.80.
In other news, Director Peter J. Solomon sold 5,604 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $72.89, for a total value of $408,475.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 13,104 shares of company stock valued at $941,046 in the last 90 days. Corporate insiders own 4.40% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its holdings in shares of Monro by 60.2% in the second quarter. Advisory Services Network LLC now owns 322 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 121 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Monro during the third quarter worth $46,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Monro during the second quarter worth $68,000. US Bancorp DE raised its holdings in shares of Monro by 8.8% during the second quarter. US Bancorp DE now owns 2,202 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 178 shares in the last quarter. Finally, Strs Ohio raised its holdings in shares of Monro by 78.6% during the second quarter. Strs Ohio now owns 2,500 shares of the auto parts company’s stock worth $213,000 after acquiring an additional 1,100 shares in the last quarter.
Shares of MNRO traded up $2.63 during trading hours on Tuesday, hitting $77.02. 318,195 shares of the company were exchanged, compared to its average volume of 309,794. The company has a market capitalization of $2.56 billion, a PE ratio of 32.36, a PEG ratio of 2.35 and a beta of 0.74. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.95 and a quick ratio of 0.30. The firm has a fifty day simple moving average of $72.76 and a 200-day simple moving average of $79.01. Monro has a one year low of $60.78 and a one year high of $89.72.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.14%. Monro’s payout ratio is currently 36.97%.
Monro Company Profile
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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