$0.48 Earnings Per Share Expected for Monro Muffler Brake, Inc. (MNRO) This Quarter
Wall Street analysts predict that Monro Muffler Brake, Inc. (NASDAQ:MNRO) will post earnings per share (EPS) of $0.48 for the current quarter, according to Zacks. Four analysts have issued estimates for Monro Muffler Brake’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.51. Monro Muffler Brake reported earnings of $0.53 per share in the same quarter last year, which would indicate a negative year over year growth rate of 9.4%. The company is scheduled to announce its next earnings results on Wednesday, February 7th.
On average, analysts expect that Monro Muffler Brake will report full-year earnings of $2.04 per share for the current financial year, with EPS estimates ranging from $1.95 to $2.16. For the next fiscal year, analysts expect that the company will report earnings of $2.23 per share, with EPS estimates ranging from $2.02 to $2.35. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Monro Muffler Brake.
Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $278.02 million for the quarter, compared to the consensus estimate of $277.06 million. Monro Muffler Brake had a net margin of 5.66% and a return on equity of 10.82%. Monro Muffler Brake’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS.
A number of analysts have issued reports on MNRO shares. Oppenheimer Holdings, Inc. set a $70.00 price target on shares of Monro Muffler Brake and gave the company a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. TheStreet raised shares of Monro Muffler Brake from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Jefferies Group LLC cut shares of Monro Muffler Brake from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, KeyCorp reissued a “hold” rating on shares of Monro Muffler Brake in a research note on Tuesday, October 24th. Two 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. Monro Muffler Brake has a consensus rating of “Hold” and an average price target of $63.33.
Shares of Monro Muffler Brake (MNRO) traded down $0.15 during midday trading on Friday, reaching $48.55. 238,446 shares of the company’s stock were exchanged, compared to its average volume of 380,251. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.28 and a current ratio of 1.00. The company has a market capitalization of $1.61 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.80 and a beta of 0.68.
In other news, President Brett Ponton purchased 5,193 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $47.93 per share, with a total value of $248,900.49. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Craig L. Hoyle sold 2,000 shares of Monro Muffler Brake stock in a transaction dated 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 of the company’s stock, valued at $2,785,160. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of Monro Muffler Brake by 1.0% during the 2nd quarter. BlackRock Inc. now owns 4,085,148 shares of the auto parts company’s stock worth $170,556,000 after purchasing an additional 41,299 shares during the period. Vanguard Group Inc. boosted its stake in shares of Monro Muffler Brake by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,068,423 shares of the auto parts company’s stock worth $128,107,000 after purchasing an additional 44,873 shares during the period. Wasatch Advisors Inc. boosted its stake in shares of Monro Muffler Brake by 85.5% during the 2nd quarter. Wasatch Advisors Inc. now owns 2,588,911 shares of the auto parts company’s stock worth $108,087,000 after purchasing an additional 1,193,473 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of Monro Muffler Brake by 3.9% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,517,629 shares of the auto parts company’s stock worth $63,361,000 after purchasing an additional 56,420 shares during the period. Finally, Arlington Value Capital LLC purchased a new position in shares of Monro Muffler Brake during the 2nd quarter worth about $42,255,000.
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Monro Muffler Brake Company Profile
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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