Monro (MNRO) Earns Daily Coverage Optimism Score of 0.16

Press coverage about Monro (NASDAQ:MNRO) has been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Monro earned a news impact score of 0.16 on Accern’s scale. Accern also gave news stories about the auto parts company an impact score of 45.9230995965265 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several research analysts have recently issued reports on MNRO shares. TheStreet raised Monro from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. KeyCorp reaffirmed a “hold” rating on shares of Monro in a research report on Tuesday, October 24th. Zacks Investment Research raised Monro from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Oppenheimer set a $70.00 target price on Monro and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, Jefferies Group lowered Monro from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Monro currently has an average rating of “Hold” and an average target price of $63.33.

Monro (NASDAQ MNRO) traded up $1.20 during midday trading on Friday, reaching $60.05. The company had a trading volume of 233,220 shares, compared to its average volume of 268,353. The stock has a market capitalization of $1,928.64, a P/E ratio of 32.11, a PEG ratio of 2.16 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. Monro has a 12 month low of $39.65 and a 12 month high of $61.50.

Monro (NASDAQ:MNRO) last released its earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Monro 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 period in the previous year, the business earned $0.53 earnings per share. Monro’s quarterly revenue was up 13.0% compared to the same quarter last year. sell-side analysts anticipate that Monro will post 2.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.20%. This is an increase from Monro’s previous quarterly dividend of $0.11. The ex-dividend date was Monday, December 11th. Monro’s payout ratio is presently 38.50%.

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About Monro

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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