$0.61 EPS Expected for Monro Inc (NASDAQ:MNRO) This Quarter

Wall Street brokerages predict that Monro Inc (NASDAQ:MNRO) will announce earnings of $0.61 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Monro’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.64. Monro also posted earnings per share of $0.61 during the same quarter last year. The company is expected to report its next earnings report on Thursday, January 30th.

According to Zacks, analysts expect that Monro will report full-year earnings of $2.48 per share for the current year, with EPS estimates ranging from $2.46 to $2.49. For the next financial year, analysts anticipate that the firm will post earnings of $2.88 per share, with EPS estimates ranging from $2.69 to $3.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Monro.

Monro (NASDAQ:MNRO) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.11). Monro had a return on equity of 11.41% and a net margin of 6.48%. The business had revenue of $324.11 million during the quarter, compared to analysts’ expectations of $330.07 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year.

Several analysts have issued reports on the company. BidaskClub cut Monro from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. ValuEngine cut Monro from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. SunTrust Banks lowered their price objective on Monro to $75.00 and set a “positive” rating for the company in a research report on Friday, October 25th. Zacks Investment Research cut Monro from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, BMO Capital Markets lowered their price objective on Monro from $90.00 to $78.00 and set a “market perform” rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Monro has a consensus rating of “Hold” and a consensus price target of $81.98.

In other news, Director Peter J. Solomon sold 5,604 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $72.89, for a total value of $408,475.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 13,104 shares of company stock valued at $941,046 in the last three months. Insiders own 4.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Copeland Capital Management LLC lifted its position in Monro by 1,348.9% during the 3rd quarter. Copeland Capital Management LLC now owns 357,113 shares of the auto parts company’s stock worth $28,215,000 after acquiring an additional 332,466 shares during the period. TimesSquare Capital Management LLC lifted its position in Monro by 2.4% during the 3rd quarter. TimesSquare Capital Management LLC now owns 566,029 shares of the auto parts company’s stock worth $44,722,000 after acquiring an additional 13,500 shares during the period. BBVA USA Bancshares Inc. lifted its position in Monro by 17.5% during the 3rd quarter. BBVA USA Bancshares Inc. now owns 11,947 shares of the auto parts company’s stock worth $944,000 after acquiring an additional 1,783 shares during the period. Mason Street Advisors LLC lifted its position in Monro by 1.9% during the 3rd quarter. Mason Street Advisors LLC now owns 11,281 shares of the auto parts company’s stock worth $891,000 after acquiring an additional 206 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in Monro during the 3rd quarter worth about $46,000.

Shares of NASDAQ MNRO traded up $0.14 during midday trading on Friday, hitting $71.18. The company’s stock had a trading volume of 274,500 shares, compared to its average volume of 321,321. The company has a current ratio of 0.95, a quick ratio of 0.30 and a debt-to-equity ratio of 0.83. The firm has a market cap of $2.43 billion, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 2.27 and a beta of 0.73. The business’s 50 day moving average is $75.66 and its two-hundred day moving average is $80.26. Monro has a 12-month low of $60.78 and a 12-month high of $89.72.

About Monro

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.

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