Monro Muffler Brake, Inc. (NASDAQ:MNRO) – Oppenheimer Holdings dropped their Q3 2018 earnings estimates for Monro Muffler Brake in a report released on Tuesday, according to Zacks Investment Research. Oppenheimer Holdings analyst B. Nagel now anticipates that the auto parts company will post earnings per share of $0.51 for the quarter, down from their prior estimate of $0.60. Oppenheimer Holdings currently has a “Buy” rating and a $70.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Monro Muffler Brake’s Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $2.01 EPS and FY2019 earnings at $2.33 EPS.
Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $278.02 million for the quarter, compared to the consensus estimate of $277.06 million. During the same quarter in the previous year, the business earned $0.53 EPS. Monro Muffler Brake’s revenue was up 13.0% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: This story was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/12/equities-analysts-offer-predictions-for-monro-muffler-brake-inc-s-q3-2018-earnings-mnro.html.
MNRO has been the topic of several other reports. KeyCorp reaffirmed a “hold” rating on shares of Monro Muffler Brake in a research report on Tuesday, October 24th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $51.00 price objective (down from $54.00) on shares of Monro Muffler Brake in a research report on Saturday, July 22nd. Zacks Investment Research cut Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. TheStreet raised Monro Muffler Brake from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Finally, Jefferies Group LLC cut Monro Muffler Brake from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $63.33.
Monro Muffler Brake (NASDAQ:MNRO) opened at $48.15 on Wednesday. Monro Muffler Brake has a twelve month low of $39.65 and a twelve month high of $61.75. The stock has a market capitalization of $1,577.97, a PE ratio of 25.08, a P/E/G ratio of 1.77 and a beta of 0.68. The company has a current ratio of 1.00, a quick ratio of 0.28 and a debt-to-equity ratio of 0.62.
Institutional investors and hedge funds have recently made changes to their positions in the business. Forward Management LLC boosted its holdings in Monro Muffler Brake by 9.5% in the 2nd quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock worth $111,000 after buying an additional 231 shares during the period. Victory Capital Management Inc. boosted its holdings in Monro Muffler Brake by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock worth $126,000 after buying an additional 452 shares during the period. Capital Analysts LLC boosted its holdings in Monro Muffler Brake by 18.5% in the 2nd quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock worth $178,000 after buying an additional 665 shares during the period. Stephens Inc. AR boosted its holdings in Monro Muffler Brake by 0.9% in the 2nd quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after buying an additional 45 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in Monro Muffler Brake in the 1st quarter worth $221,000.
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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