Monro Muffler Brake, Inc. (MNRO) Set to Announce Quarterly Earnings on Wednesday
Monro Muffler Brake, Inc. (NASDAQ:MNRO) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Monro Muffler Brake has set its Q2 guidance at $0.54-0.58 EPS and its FY18 guidance at $2.05-2.20 EPS.
Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, July 20th. The auto parts company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The firm had revenue of $278.50 million during the quarter, compared to analyst estimates of $270.85 million. During the same period last year, the company earned $0.50 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, analysts expect Monro Muffler Brake to post $2.13 EPS for the current fiscal year and $2.37 EPS for the next fiscal year.
Monro Muffler Brake, Inc. (NASDAQ:MNRO) opened at 54.70 on Wednesday. The stock has a 50 day moving average price of $51.17 and a 200-day moving average price of $48.95. Monro Muffler Brake, Inc. has a 12-month low of $39.65 and a 12-month high of $61.86. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 29.13 and a beta of 0.73.
MNRO has been the subject of several analyst reports. BidaskClub upgraded Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price objective on shares of Monro Muffler Brake in a research note on Tuesday, September 12th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Monro Muffler Brake in a research note on Wednesday, June 28th. UBS AG lowered Monro Muffler Brake from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 20th. Finally, Stephens lowered Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $63.33.
In other Monro Muffler Brake news, President Brett Ponton purchased 5,193 shares of the business’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $47.93 per share, for a total transaction of $248,900.49. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Craig L. Hoyle sold 2,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $48.02, for a total value of $96,040.00. Following the completion of the sale, the vice president now owns 58,000 shares of the company’s stock, valued at approximately $2,785,160. The disclosure for this sale can be found here. In the last quarter, insiders acquired 6,893 shares of company stock valued at $328,155 and sold 244,064 shares valued at $11,438,709. Corporate insiders own 6.20% of the company’s stock.
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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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