Monro Muffler Brake, Inc. (NASDAQ:MNRO) – Analysts at Jefferies Group reduced their Q2 2018 earnings estimates for shares of Monro Muffler Brake in a research note issued to investors on Thursday. Jefferies Group analyst B. Jordan now forecasts that the auto parts company will earn $0.53 per share for the quarter, down from their prior estimate of $0.54. Jefferies Group has a “Hold” rating on the stock.
Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The company had revenue of $278.50 million for the quarter, compared to analysts’ expectations of $270.85 million. During the same quarter in the previous year, the business posted $0.50 earnings per share. Monro Muffler Brake’s quarterly revenue was up 18.4% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: This news story was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2017/10/27/monro-muffler-brake-inc-to-post-q2-2018-earnings-of-0-53-per-share-jefferies-group-forecasts-mnro.html.
Other analysts also recently issued reports about the company. TheStreet raised Monro Muffler Brake from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Monro Muffler Brake in a research note on Wednesday, June 28th. Stephens downgraded Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 29th. Zacks Investment Research raised Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $51.00 target price (down from $54.00) on shares of Monro Muffler Brake in a research note on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $63.33.
Shares of Monro Muffler Brake (NASDAQ:MNRO) traded up 0.84% during midday trading on Monday, reaching $53.90. 81,470 shares of the company traded hands. The firm has a market capitalization of $1.76 billion, a PE ratio of 28.70 and a beta of 0.73. The stock has a 50 day moving average price of $51.92 and a 200 day moving average price of $48.95. Monro Muffler Brake has a 1-year low of $39.65 and a 1-year high of $61.75.
In related news, CEO Robert G. Gross sold 1,473 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $46.76, for a total transaction of $68,877.48. Following the completion of the transaction, the chief executive officer now directly owns 132,807 shares in the company, valued at approximately $6,210,055.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen C. Mccluski bought 1,200 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were purchased at an average price of $46.45 per share, with a total value of $55,740.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 6,893 shares of company stock valued at $328,155 and have sold 244,064 shares valued at $11,438,709. 6.20% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in Monro Muffler Brake by 32.2% during the 1st quarter. Victory Capital Management Inc. now owns 2,560 shares of the auto parts company’s stock valued at $133,000 after acquiring an additional 623 shares during the period. Forward Management LLC boosted its holdings in Monro Muffler Brake by 9.5% during the 2nd quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock valued at $111,000 after acquiring an additional 231 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Monro Muffler Brake during the 1st quarter valued at about $141,000. Tudor Investment Corp ET AL purchased a new position in Monro Muffler Brake during the 1st quarter valued at about $221,000. Finally, Capital Analysts LLC boosted its holdings in Monro Muffler Brake by 18.5% during the 2nd quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock valued at $178,000 after acquiring an additional 665 shares during the period.
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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