Wall Street brokerages expect Monro Muffler Brake, Inc. (NASDAQ:MNRO) to report $292.93 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Monro Muffler Brake’s earnings. The lowest sales estimate is $285.40 million and the highest is $305.40 million. Monro Muffler Brake posted sales of $288.28 million in the same quarter last year, which suggests a positive year over year growth rate of 1.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 7th.

On average, analysts expect that Monro Muffler Brake will report full year sales of $292.93 million for the current financial year, with estimates ranging from $1.12 billion to $1.15 billion. For the next year, analysts forecast that the firm will post sales of $1.21 billion per share, with estimates ranging from $1.19 billion to $1.25 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Monro Muffler Brake.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Tuesday, October 24th. The auto parts company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 10.82% and a net margin of 5.66%. The business had revenue of $278.02 million during the quarter, compared to analysts’ expectations of $277.06 million. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis.

Several equities research analysts recently commented on the company. BidaskClub raised Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. KeyCorp reaffirmed a “hold” rating on shares of Monro Muffler Brake in a research note on Tuesday, October 24th. TheStreet raised Monro Muffler Brake from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, Oppenheimer set a $70.00 target price on Monro Muffler Brake and gave the stock a “buy” rating in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $63.33.

Institutional investors have recently made changes to their positions in the business. Northern Trust Corp grew its stake in Monro Muffler Brake by 3.8% in the second quarter. Northern Trust Corp now owns 524,899 shares of the auto parts company’s stock valued at $21,913,000 after acquiring an additional 19,303 shares during the period. Crawford Investment Counsel Inc. grew its stake in Monro Muffler Brake by 92.9% in the second quarter. Crawford Investment Counsel Inc. now owns 59,640 shares of the auto parts company’s stock valued at $2,490,000 after acquiring an additional 28,720 shares during the period. BlackRock Inc. grew its stake in Monro Muffler Brake by 1.0% in the second quarter. BlackRock Inc. now owns 4,085,148 shares of the auto parts company’s stock valued at $170,556,000 after acquiring an additional 41,299 shares during the period. Scout Investments Inc. lifted its holdings in shares of Monro Muffler Brake by 3.9% in the second quarter. Scout Investments Inc. now owns 95,925 shares of the auto parts company’s stock valued at $4,005,000 after purchasing an additional 3,575 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Monro Muffler Brake by 51.7% in the second quarter. BNP Paribas Arbitrage SA now owns 10,060 shares of the auto parts company’s stock valued at $420,000 after purchasing an additional 3,428 shares in the last quarter.

Shares of Monro Muffler Brake (NASDAQ MNRO) opened at $52.50 on Wednesday. Monro Muffler Brake has a one year low of $39.65 and a one year high of $61.10. The company has a market capitalization of $1,777.88, a P/E ratio of 28.25, a P/E/G ratio of 1.99 and a beta of 0.67. 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 also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Monday, December 11th. This is a boost from Monro Muffler Brake’s previous quarterly dividend of $0.11. Monro Muffler Brake’s dividend payout ratio (DPR) is 38.50%.

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

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