Equities analysts predict that Monro Inc (NASDAQ:MNRO) will report sales of $282.28 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Monro’s earnings. The lowest sales estimate is $271.30 million and the highest is $292.20 million. Monro reported sales of $252.01 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The company is scheduled to report its next earnings report on Thursday, May 17th.
According to Zacks, analysts expect that Monro will report full year sales of $282.28 million for the current fiscal year, with estimates ranging from $1.11 billion to $1.23 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.23 billion per share, with estimates ranging from $1.18 billion to $1.35 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Monro.
Monro (NASDAQ:MNRO) last released its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. Monro had a return on equity of 10.48% and a net margin of 5.13%. The firm had revenue of $285.70 million for the quarter, compared to the consensus estimate of $292.94 million. During the same quarter last year, the business posted $0.53 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis.
Several analysts have issued reports on the company. TheStreet raised Monro from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. BidaskClub downgraded Monro from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Jefferies Group reissued a “hold” rating on shares of Monro in a research note on Wednesday, January 31st. Oppenheimer reissued a “buy” rating on shares of Monro in a research note on Tuesday, January 30th. Finally, Zacks Investment Research raised Monro from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $63.33.
In related news, Director Stephen C. Mccluski sold 10,000 shares of Monro stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $55.51, for a total transaction of $555,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.20% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of MNRO. Advisor Group Inc. grew its holdings in Monro by 837.7% during the fourth quarter. Advisor Group Inc. now owns 3,854 shares of the auto parts company’s stock worth $219,000 after purchasing an additional 3,443 shares during the period. CIBC Asset Management Inc bought a new position in Monro during the fourth quarter worth about $232,000. Paloma Partners Management Co bought a new stake in shares of Monro during the fourth quarter worth approximately $233,000. Global Endowment Management LP bought a new stake in shares of Monro during the fourth quarter worth approximately $251,000. Finally, Parametrica Management Ltd bought a new stake in shares of Monro during the fourth quarter worth approximately $266,000.
Shares of Monro (NASDAQ MNRO) opened at $54.30 on Monday. Monro has a 12 month low of $39.65 and a 12 month high of $64.15. The stock has a market capitalization of $1,780.77, a PE ratio of 28.73, a price-to-earnings-growth ratio of 1.91 and a beta of 0.62. The company has a quick ratio of 0.33, a current ratio of 1.06 and a debt-to-equity ratio of 0.62.
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Monro 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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