Monro Muffler Brake (MNRO) to Release Earnings on Thursday
Monro Muffler Brake (NASDAQ:MNRO) will be posting its Q214 quarterly earnings results on Thursday, October 24th. Analysts expect Monro Muffler Brake to post earnings of $0.42 per share and revenue of $210.30 million for the quarter. Monro Muffler Brake has set its Q2 guidance at $0.41-0.45 EPS and its FY14 guidance at $1.58-1.70 EPS.
Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.03. The company had revenue of $206.20 million for the quarter, compared to the consensus estimate of $210.49 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis.
Monro Muffler Brake (NASDAQ:MNRO) traded down 1.31% during mid-day trading on Wednesday, hitting $46.87. 40,370 shares of the company’s stock traded hands. Monro Muffler Brake has a 52-week low of $30.72 and a 52-week high of $51.12. The stock has a 50-day moving average of $44.06 and a 200-day moving average of $43.89. The company has a market cap of $1.471 billion and a price-to-earnings ratio of 34.46.
On a related note, analysts at ISI Group downgraded shares of Monro Muffler Brake from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, September 24th. They now have a $46.00 price target on the stock, down previously from $49.00.
Monro Muffler Brake, Inc (NASDAQ:MNRO) is a chain of 803 Company-operated stores (as of March 31, 2012), three franchised locations and 14 dealer-operated stores providing automotive undercar repair and tire services in the United States.
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