Equities research analysts expect Monro Inc (NASDAQ:MNRO) to report $0.67 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Monro’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.65. Monro reported earnings per share of $0.55 during the same quarter last year, which would indicate a positive year over year growth rate of 21.8%. The company is expected to issue its next earnings report before the market opens on Thursday, July 26th.
On average, analysts expect that Monro will report full year earnings of $2.41 per share for the current year, with EPS estimates ranging from $2.34 to $2.55. For the next financial year, analysts expect that the business will post earnings of $2.65 per share, with EPS estimates ranging from $2.53 to $2.85. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Monro.
Monro (NASDAQ:MNRO) last issued its quarterly earnings results on Monday, May 21st. The auto parts company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. Monro had a net margin of 5.67% and a return on equity of 11.55%. The business had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $286.08 million. During the same quarter last year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year.
Several equities analysts have recently commented on the stock. TheStreet raised shares of Monro from a “c+” rating to a “b-” rating in a research report on Thursday, June 14th. Zacks Investment Research raised shares of Monro from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Friday, April 13th. BidaskClub raised shares of Monro from a “hold” rating to a “buy” rating in a research report on Friday, April 13th. Finally, ValuEngine raised shares of Monro from a “sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Monro presently has a consensus rating of “Hold” and a consensus price target of $60.67.
Shares of Monro opened at $62.30 on Wednesday, Marketbeat Ratings reports. The company has a current ratio of 1.07, a quick ratio of 0.28 and a debt-to-equity ratio of 0.60. Monro has a one year low of $39.65 and a one year high of $64.15. The stock has a market cap of $1.94 billion, a PE ratio of 29.95, a P/E/G ratio of 1.96 and a beta of 0.59.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 14th. Investors of record on Monday, June 4th were paid a dividend of $0.20 per share. This is a positive change from Monro’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, June 1st. This represents a $0.80 annualized dividend and a yield of 1.28%. Monro’s dividend payout ratio is 38.46%.
In related news, insider Maureen Mulholland sold 1,000 shares of the stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $55.50, for a total transaction of $55,500.00. Following the sale, the insider now owns 1,000 shares in the company, valued at $55,500. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.20% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its stake in Monro by 12.3% during the fourth quarter. Rhumbline Advisers now owns 86,373 shares of the auto parts company’s stock worth $4,919,000 after acquiring an additional 9,432 shares during the period. Bank of New York Mellon Corp raised its stake in Monro by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 509,440 shares of the auto parts company’s stock worth $29,013,000 after acquiring an additional 3,514 shares during the period. Grandeur Peak Global Advisors LLC raised its stake in Monro by 254.6% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 173,775 shares of the auto parts company’s stock worth $9,896,000 after acquiring an additional 124,775 shares during the period. Jefferies Group LLC acquired a new stake in Monro during the fourth quarter worth about $589,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in Monro during the fourth quarter worth about $860,000.
Monro Company Profile
Monro, Inc engages in the operation of chain stores that provides automotive undercar repair and tire services. The firm offers services for brake systems, steering and suspension systems, tires, exhaust systems and many vehicle maintenance services and certain locations specialize in providing commercial tire and maintenance services.
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