Monro Muffler Brake (MNRO) Announces Quarterly Results
Monro Muffler Brake (NASDAQ:MNRO) released its earnings data on Thursday. The company reported $0.42 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.42, Stock Ratings Network reports. 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. Monro Muffler Brake updated its Q3 guidance to $0.41-0.46 EPS and its FY14 guidance to $1.58-1.65 EPS.
On the ratings front, 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.
Shares of Monro Muffler Brake (NASDAQ:MNRO) traded up 0.19% during mid-day trading on Thursday, hitting $46.87. 86,191 shares of the company’s stock traded hands. Monro Muffler Brake has a one year low of $30.72 and a one year 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 P/E ratio of 33.95.
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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