Wall Street analysts expect Monro Inc (NASDAQ:MNRO) to report earnings per share (EPS) of $0.51 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Monro’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.53. Monro reported earnings of $0.52 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 1.9%. The firm is expected to report its next earnings results on Tuesday, May 28th.
On average, analysts expect that Monro will report full year earnings of $2.42 per share for the current financial year, with EPS estimates ranging from $2.37 to $2.46. For the next fiscal year, analysts forecast that the company will post earnings of $2.65 per share, with EPS estimates ranging from $2.57 to $2.74. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Monro.
Monro (NASDAQ:MNRO) last issued its quarterly earnings results on Thursday, January 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $310.11 million during the quarter, compared to analyst estimates of $309.89 million. Monro had a return on equity of 12.47% and a net margin of 6.71%.
A number of equities research analysts have recently commented on MNRO shares. Zacks Investment Research downgraded Monro from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. BidaskClub upgraded Monro from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Finally, Guggenheim downgraded Monro from a “buy” rating to a “neutral” rating and set a $82.89 price objective for the company. in a research report on Thursday, April 4th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Monro has an average rating of “Buy” and a consensus target price of $81.95.
In other news, insider Maureen Mulholland sold 1,000 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $79.60, for a total value of $79,600.00. Following the transaction, the insider now directly owns 200 shares of the company’s stock, valued at $15,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donald Glickman sold 10,000 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $78.16, for a total transaction of $781,600.00. Following the completion of the transaction, the director now directly owns 181,078 shares in the company, valued at $14,153,056.48. The disclosure for this sale can be found here. Insiders sold 21,000 shares of company stock valued at $1,637,300 in the last 90 days. Corporate insiders own 4.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of MNRO. Clearbridge Investments LLC increased its stake in shares of Monro by 20.3% in the third quarter. Clearbridge Investments LLC now owns 2,058,248 shares of the auto parts company’s stock worth $143,254,000 after acquiring an additional 346,781 shares during the last quarter. Norges Bank acquired a new position in shares of Monro in the fourth quarter worth $22,347,000. Stifel Financial Corp increased its stake in shares of Monro by 80.5% in the fourth quarter. Stifel Financial Corp now owns 245,261 shares of the auto parts company’s stock worth $16,853,000 after acquiring an additional 109,402 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Monro in the fourth quarter worth $7,016,000. Finally, BlackRock Inc. increased its stake in shares of Monro by 2.1% in the fourth quarter. BlackRock Inc. now owns 4,709,292 shares of the auto parts company’s stock worth $323,765,000 after acquiring an additional 96,891 shares during the last quarter.
Shares of NASDAQ:MNRO traded down $1.88 on Friday, reaching $81.35. 309,738 shares of the company traded hands, compared to its average volume of 337,779. Monro has a fifty-two week low of $51.45 and a fifty-two week high of $89.72. The company has a market capitalization of $2.69 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.60 and a beta of 0.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 1.05.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.98%. Monro’s dividend payout ratio (DPR) is presently 38.46%.
Monro Company Profile
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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