Monro Muffler Brake, Inc. (NASDAQ:MNRO) – Equities research analysts at Gabelli reduced their FY2018 earnings per share estimates for shares of Monro Muffler Brake in a research report issued on Friday. Gabelli analyst C. Jolly now anticipates that the auto parts company will earn $2.05 per share for the year, down from their previous estimate of $2.10. Gabelli also issued estimates for Monro Muffler Brake’s FY2019 earnings at $2.40 EPS.

Monro Muffler Brake (NASDAQ:MNRO) last posted its earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The firm had revenue of $278.50 million for the quarter, compared to analyst estimates of $270.85 million. During the same period in the previous year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year.

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MNRO has been the topic of several other research reports. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Monro Muffler Brake in a report on Tuesday, June 20th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 target price on shares of Monro Muffler Brake in a report on Friday, May 5th. Zacks Investment Research upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Tuesday, April 4th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $51.00 target price (down previously from $54.00) on shares of Monro Muffler Brake in a report on Saturday. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $61.00 target price on shares of Monro Muffler Brake in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $63.33.

Shares of Monro Muffler Brake (NASDAQ MNRO) opened at 48.35 on Monday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 25.75 and a beta of 0.70. The firm’s 50-day moving average is $44.71 and its 200-day moving average is $52.15. Monro Muffler Brake has a 12-month low of $39.65 and a 12-month high of $66.48.

Institutional investors have recently made changes to their positions in the stock. Legato Capital Management LLC raised its position in shares of Monro Muffler Brake by 890.2% in the second quarter. Legato Capital Management LLC now owns 9,031 shares of the auto parts company’s stock valued at $377,000 after buying an additional 8,119 shares in the last quarter. BTIM Corp. purchased a new position in shares of Monro Muffler Brake during the second quarter valued at approximately $12,687,000. Summit Creek Advisors LLC raised its position in shares of Monro Muffler Brake by 60.9% in the second quarter. Summit Creek Advisors LLC now owns 204,483 shares of the auto parts company’s stock valued at $8,537,000 after buying an additional 77,409 shares in the last quarter. OLD National Bancorp IN raised its position in shares of Monro Muffler Brake by 21.9% in the second quarter. OLD National Bancorp IN now owns 12,517 shares of the auto parts company’s stock valued at $523,000 after buying an additional 2,250 shares in the last quarter. Finally, Fenimore Asset Management Inc. purchased a new position in shares of Monro Muffler Brake during the second quarter valued at approximately $5,505,000.

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.

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

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