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.
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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