Equities research analysts expect Monro Muffler Brake, Inc. (NASDAQ:MNRO) to post earnings per share of $0.54 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Monro Muffler Brake’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.52. Monro Muffler Brake posted earnings per share of $0.50 in the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The company is scheduled to issue its next quarterly earnings report before the market opens on Thursday, July 20th.

According to Zacks, analysts expect that Monro Muffler Brake will report full year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.28. For the next year, analysts anticipate that the company will post earnings of $2.47 per share, with EPS estimates ranging from $2.42 to $2.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Monro Muffler Brake.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Thursday, May 18th. The auto parts company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. Monro Muffler Brake had a net margin of 6.00% and a return on equity of 10.85%. The company had revenue of $252.01 million for the quarter, compared to analysts’ expectations of $254.38 million. During the same quarter last year, the business earned $0.42 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year.

Several equities research analysts have commented on MNRO shares. Jefferies Group LLC restated a “buy” rating and issued a $67.00 price objective on shares of Monro Muffler Brake in a research report on Tuesday, March 28th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. CIBC restated a “buy” rating on shares of Monro Muffler Brake in a research report on Monday, April 17th. TheStreet lowered Monro Muffler Brake from a “b-” rating to a “c+” rating in a research report on Tuesday, May 23rd. Finally, Stephens lowered Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $65.80.

A number of large investors have recently added to or reduced their stakes in MNRO. Forward Management LLC increased its position in shares of Monro Muffler Brake by 6.8% in the first quarter. Forward Management LLC now owns 2,431 shares of the auto parts company’s stock valued at $127,000 after buying an additional 154 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Monro Muffler Brake by 32.2% in the first quarter. Victory Capital Management Inc. now owns 2,560 shares of the auto parts company’s stock valued at $133,000 after buying an additional 623 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Monro Muffler Brake during the first quarter valued at $141,000. State of Alaska Department of Revenue increased its position in shares of Monro Muffler Brake by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 3,610 shares of the auto parts company’s stock valued at $188,000 after buying an additional 120 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its position in shares of Monro Muffler Brake by 1,336.8% in the first quarter. Independent Portfolio Consultants Inc. now owns 4,095 shares of the auto parts company’s stock valued at $213,000 after buying an additional 3,810 shares during the last quarter.

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Monro Muffler Brake (NASDAQ:MNRO) traded down 1.72% during midday trading on Tuesday, reaching $40.00. 300,917 shares of the company’s stock were exchanged. Monro Muffler Brake has a 52 week low of $39.67 and a 52 week high of $70.78. The firm’s 50 day moving average is $48.16 and its 200 day moving average is $53.68. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 21.65 and a beta of 0.70.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Friday, June 2nd were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, May 31st. This is a positive change from Monro Muffler Brake’s previous quarterly dividend of $0.17. Monro Muffler Brake’s dividend payout ratio is currently 38.92%.

Monro Muffler Brake Company Profile

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.

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Earnings History and Estimates for Monro Muffler Brake (NASDAQ:MNRO)

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