Monro (MNRO) Updates FY 2020 Earnings Guidance

Monro (NASDAQ:MNRO) issued an update on its FY 2020 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.55-2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.66. The company issued revenue guidance of $1.295-1.325 billion, compared to the consensus revenue estimate of $1.29 billion.Monro also updated its FY20 guidance to $2.55-2.75 EPS.

MNRO stock opened at $84.07 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Monro has a twelve month low of $51.75 and a twelve month high of $89.72. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 2.41 and a beta of 0.75.

Monro (NASDAQ:MNRO) last posted its quarterly earnings data on Tuesday, May 21st. The auto parts company reported $0.51 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.51. Monro had a net margin of 6.71% and a return on equity of 12.47%. The business had revenue of $287.20 million for the quarter, compared to analysts’ expectations of $292.07 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. As a group, analysts anticipate that Monro will post 2.42 EPS for the current fiscal year.

MNRO has been the topic of a number of analyst reports. BidaskClub upgraded shares of Monro from a hold rating to a buy rating in a research report on Tuesday, March 12th. Zacks Investment Research cut shares of Monro from a buy rating to a hold rating in a research report on Thursday, April 11th. Guggenheim cut shares of Monro from a buy rating to a neutral rating and set a $82.89 price objective on the stock. in a research report on Thursday, April 4th. They noted that the move was a valuation call. Finally, SunTrust Banks boosted their price objective on shares of Monro to $85.00 and gave the company a hold rating in a research report on Wednesday. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $85.96.

In other news, Director Donald Glickman sold 10,000 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $78.16, for a total value of $781,600.00. Following the transaction, the director now directly owns 181,078 shares in the company, valued at $14,153,056.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 4.60% of the company’s stock.

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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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Earnings History and Estimates for Monro (NASDAQ:MNRO)

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