Monro Muffler Brake, Inc. (MNRO) Updates FY18 Earnings Guidance
Monro Muffler Brake, Inc. (NASDAQ:MNRO) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.95-2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.13. The company issued revenue guidance of $1.115-1.145 billion, compared to the consensus revenue estimate of $1.15 billion.
Several research firms have recently commented on MNRO. Zacks Investment Research lowered Monro Muffler Brake from a hold rating to a sell rating in a research note on Friday, October 13th. Jefferies Group LLC lowered Monro Muffler Brake from a buy rating to a hold rating in a research note on Thursday, October 12th. TheStreet upgraded Monro Muffler Brake from a c+ rating to a b- rating in a research note on Monday, October 2nd. BidaskClub upgraded Monro Muffler Brake from a strong sell rating to a sell rating in a research note on Tuesday, July 25th. Finally, Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a $51.00 price objective (down from $54.00) on shares of Monro Muffler Brake in a research note on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $63.33.
Monro Muffler Brake, Inc. (NASDAQ MNRO) opened at 50.15 on Tuesday. The firm’s 50 day moving average is $52.64 and its 200 day moving average is $49.00. The company has a market cap of $1.64 billion, a P/E ratio of 26.70 and a beta of 0.73. Monro Muffler Brake, Inc. has a 12-month low of $39.65 and a 12-month high of $61.75.
In other news, CEO Heel John W. Van sold 129,089 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $46.76, for a total transaction of $6,036,201.64. Following the transaction, the chief executive officer now directly owns 202,463 shares of the company’s stock, valued at $9,467,169.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Craig L. Hoyle sold 2,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $48.02, for a total transaction of $96,040.00. Following the transaction, the vice president now directly owns 58,000 shares in the company, valued at $2,785,160. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 195,708 shares of company stock worth $9,187,428. 6.20% of the stock is currently owned by corporate insiders.
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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