Monro Muffler Brake Inc. (MNRO) Updates Q3 Earnings Guidance
Monro Muffler Brake Inc. (NASDAQ:MNRO) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.41-0.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.45, American Banking News.com reports. Monro Muffler Brake also updated its FY14 guidance to $1.58-1.65 EPS.
Monro Muffler Brake Inc. (NASDAQ:MNRO) traded down 2.33% during mid-day trading on Thursday, hitting $45.69. The stock had a trading volume of 51,486 shares. Monro Muffler Brake Inc. 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 $1.434 billion and a price-to-earnings ratio of 33.95.
Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. Analysts expect that Monro Muffler Brake Inc. will post $1.65 EPS 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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