Monro Muffler Brake Inc. (MNRO) Releases FY14 Earnings Guidance
Monro Muffler Brake Inc. (NASDAQ:MNRO) updated its FY14 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.58-1.65 for the period, compared to the Thomson Reuters consensus estimate of $1.65, Stock Ratings News reports. The company issued revenue guidance of $830-845 million, compared to the consensus revenue estimate of $848.94 million.Monro Muffler Brake also updated its Q3 guidance to $0.41-0.46 EPS.
Shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) traded down 2.74% during mid-day trading on Thursday, hitting $45.50. The stock had a trading volume of 45,861 shares. Monro Muffler Brake Inc. has a 52-week low of $30.72 and a 52-week high of $51.12. The stock’s 50-day moving average is $44.06 and its 200-day moving average is $43.89. The company has a market cap of $1.428 billion and a price-to-earnings ratio of 33.95.
Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.42 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.42. The company had revenue of $205.30 million for the quarter, compared to the consensus estimate of $210.30 million. During the same quarter last year, the company posted $0.36 earnings per share. Monro Muffler Brake’s revenue was up 16.3% compared to the same quarter last year. On average, analysts predict that Monro Muffler Brake Inc. will post $1.65 earnings per share for the current fiscal year.
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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