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.

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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.

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

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