Brokerages expect Monro Inc (NASDAQ:MNRO) to report sales of $309.89 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Monro’s earnings. The highest sales estimate is $311.45 million and the lowest is $308.60 million. Monro reported sales of $285.73 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The business is expected to report its next quarterly earnings report on Tuesday, January 29th.
On average, analysts expect that Monro will report full-year sales of $1.20 billion for the current fiscal year, with estimates ranging from $1.20 billion to $1.21 billion. For the next year, analysts anticipate that the company will report sales of $1.29 billion, with estimates ranging from $1.26 billion to $1.33 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Monro.
Monro (NASDAQ:MNRO) last released its quarterly earnings data on Thursday, October 25th. The auto parts company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The business had revenue of $307.11 million for the quarter, compared to the consensus estimate of $298.74 million. Monro had a net margin of 6.09% and a return on equity of 12.21%.
A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Monro from a “buy” rating to a “strong-buy” rating in a report on Friday, November 23rd. Zacks Investment Research raised shares of Monro from a “sell” rating to a “hold” rating and set a $83.00 price target on the stock in a report on Tuesday, October 30th. Finally, Northcoast Research reissued a “neutral” rating on shares of Monro in a report on Thursday, September 13th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $70.67.
In related news, insider Maureen Mulholland sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $76.00, for a total value of $152,000.00. Following the sale, the insider now directly owns 200 shares of the company’s stock, valued at $15,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Samuel Senuk sold 1,750 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $75.95, for a total transaction of $132,912.50. Following the completion of the sale, the insider now directly owns 167 shares in the company, valued at $12,683.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,000 shares of company stock worth $3,462,465. Insiders own 4.60% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in MNRO. Principal Financial Group Inc. raised its stake in Monro by 3.1% in the first quarter. Principal Financial Group Inc. now owns 256,613 shares of the auto parts company’s stock valued at $13,754,000 after purchasing an additional 7,634 shares in the last quarter. TD Asset Management Inc. grew its position in Monro by 15.3% during the second quarter. TD Asset Management Inc. now owns 51,381 shares of the auto parts company’s stock valued at $2,985,000 after acquiring an additional 6,800 shares during the last quarter. Victory Capital Management Inc. grew its position in Monro by 16.9% during the second quarter. Victory Capital Management Inc. now owns 500,693 shares of the auto parts company’s stock valued at $29,090,000 after acquiring an additional 72,408 shares during the last quarter. Jennison Associates LLC bought a new position in Monro during the second quarter valued at approximately $15,122,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Monro during the second quarter valued at approximately $404,000.
Shares of Monro stock traded down $0.02 on Tuesday, reaching $82.07. The stock had a trading volume of 4,586 shares, compared to its average volume of 255,504. Monro has a 1 year low of $50.25 and a 1 year high of $84.38. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 39.80, a PEG ratio of 2.73 and a beta of 0.63. The company has a current ratio of 1.11, a quick ratio of 0.33 and a debt-to-equity ratio of 0.57.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Tuesday, December 11th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, December 10th. Monro’s payout ratio is 38.46%.
Monro Company Profile
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.
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