Monro Muffler Brake, Inc. (MNRO) Expected to Post Earnings of $0.55 Per Share
Analysts forecast that Monro Muffler Brake, Inc. (NASDAQ:MNRO) will report $0.55 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Monro Muffler Brake’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.57. Monro Muffler Brake posted earnings per share of $0.53 in the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The firm is expected to report its next quarterly earnings report on Thursday, October 19th.
According to Zacks, analysts expect that Monro Muffler Brake will report full-year earnings of $2.16 per share for the current year, with EPS estimates ranging from $2.05 to $2.22. For the next fiscal year, analysts anticipate that the business will report earnings of $2.43 per share, with EPS estimates ranging from $2.33 to $2.55. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Monro Muffler Brake.
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, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $270.85 million. During the same period last year, the firm posted $0.50 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis.
Several brokerages have commented on MNRO. BidaskClub upgraded shares of Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $51.00 price target (down from $54.00) on shares of Monro Muffler Brake in a research report on Saturday, July 22nd. Stephens cut shares of Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 29th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Monro Muffler Brake in a research report on Wednesday, June 28th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $61.00 price target on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $63.33.
In other Monro Muffler Brake news, CEO Heel John W. Van sold 129,089 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $46.76, for a total transaction of $6,036,201.64. Following the sale, the chief executive officer now owns 202,463 shares in the company, valued at approximately $9,467,169.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert G. Gross sold 1,473 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $46.76, for a total value of $68,877.48. Following the sale, the chief executive officer now owns 132,807 shares in the company, valued at approximately $6,210,055.32. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 6,893 shares of company stock worth $328,155 and have sold 244,064 shares worth $11,438,709. 6.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Stephens Inc. AR raised its holdings in Monro Muffler Brake by 0.9% during the 2nd quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after buying an additional 45 shares during the period. Nisa Investment Advisors LLC raised its holdings in Monro Muffler Brake by 1.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 4,470 shares of the auto parts company’s stock worth $233,000 after buying an additional 70 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Monro Muffler Brake by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,450 shares of the auto parts company’s stock worth $1,021,000 after buying an additional 85 shares during the period. Arizona State Retirement System raised its holdings in Monro Muffler Brake by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 17,091 shares of the auto parts company’s stock worth $714,000 after buying an additional 100 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in Monro Muffler Brake by 3.4% during the 1st quarter. State of Alaska Department of Revenue now owns 3,610 shares of the auto parts company’s stock worth $188,000 after buying an additional 120 shares during the period.
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Monro Muffler Brake (MNRO) traded down 0.61% during trading on Friday, reaching $49.00. 349,141 shares of the company’s stock traded hands. The stock has a market capitalization of $1.60 billion, a P/E ratio of 26.09 and a beta of 0.71. The company has a 50-day moving average of $46.69 and a 200 day moving average of $49.43. Monro Muffler Brake has a 12 month low of $39.65 and a 12 month high of $62.07.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Monday, August 28th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This is a boost from Monro Muffler Brake’s previous quarterly dividend of $0.11. This represents a $0.72 annualized dividend and a yield of 1.47%. Monro Muffler Brake’s payout ratio is 38.30%.
About Monro Muffler Brake
Monro, Inc, formerly 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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