Monro Muffler Brake Inc. (MNRO) Set to Announce Earnings on Thursday
Monro Muffler Brake Inc. (NASDAQ:MNRO) is set to announce its earnings results before the market opens on Thursday, October 20th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Monro Muffler Brake has set its Q2 guidance at $0.53-0.58 EPS and its FY17 guidance at $2.05-2.20 EPS.
Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Thursday, July 28th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. Monro Muffler Brake had a net margin of 6.86% and a return on equity of 12.54%. The company had revenue of $236.90 million for the quarter, compared to analyst estimates of $235.12 million. During the same period in the prior year, the business earned $0.58 earnings per share. Monro Muffler Brake’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts expect Monro Muffler Brake to post $2.12 EPS for the current fiscal year and $2.45 EPS for the next fiscal year.
Shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) opened at 59.80 on Wednesday. Monro Muffler Brake Inc. has a 1-year low of $55.24 and a 1-year high of $77.00. The company’s 50 day moving average is $59.56 and its 200-day moving average is $63.10. The company has a market capitalization of $1.93 billion, a P/E ratio of 30.84 and a beta of 0.84.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/19/monro-muffler-brake-inc-mnro-set-to-announce-earnings-on-thursday.html
In other news, insider Christopher R. Hoornbeck sold 6,750 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $56.70, for a total value of $382,725.00. Following the sale, the insider now directly owns 26,855 shares in the company, valued at approximately $1,522,678.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John C. Lamb sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $56.22, for a total transaction of $36,543.00. Following the completion of the sale, the insider now owns 500 shares in the company, valued at $28,110. The disclosure for this sale can be found here. 7.70% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. BlackRock Advisors LLC increased its stake in Monro Muffler Brake by 1.7% in the second quarter. BlackRock Advisors LLC now owns 14,822 shares of the company’s stock worth $942,000 after buying an additional 246 shares during the last quarter. BlackRock Investment Management LLC increased its stake in Monro Muffler Brake by 5.6% in the second quarter. BlackRock Investment Management LLC now owns 130,862 shares of the company’s stock worth $8,318,000 after buying an additional 6,947 shares during the last quarter. BlackRock Inc. increased its stake in Monro Muffler Brake by 18.4% in the second quarter. BlackRock Inc. now owns 2,800 shares of the company’s stock worth $179,000 after buying an additional 435 shares during the last quarter. BlackRock Fund Advisors increased its stake in Monro Muffler Brake by 1.9% in the second quarter. BlackRock Fund Advisors now owns 2,015,629 shares of the company’s stock worth $128,113,000 after buying an additional 37,983 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in Monro Muffler Brake by 9.1% in the second quarter. BlackRock Group LTD now owns 45,139 shares of the company’s stock worth $2,870,000 after buying an additional 3,781 shares during the last quarter.
MNRO has been the topic of a number of recent research reports. Jefferies Group reaffirmed a “buy” rating and set a $72.00 price target on shares of Monro Muffler Brake in a research report on Friday, July 29th. Zacks Investment Research raised shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Gabelli initiated coverage on shares of Monro Muffler Brake in a research report on Thursday, August 25th. They set a “hold” rating on the stock. Susquehanna initiated coverage on shares of Monro Muffler Brake in a research report on Thursday, August 25th. They set a “positive” rating and a $66.00 price target on the stock. Finally, Northcoast Research lowered shares of Monro Muffler Brake from a “neutral” rating to a “sell” rating in a research report on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Monro Muffler Brake presently has an average rating of “Hold” and an average price target of $75.88.
About Monro Muffler Brake
Monro Muffler Brake, Inc is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
Receive News & Ratings for Monro Muffler Brake Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake Inc. and related companies with MarketBeat.com's FREE daily email newsletter.