Monro Muffler Brake Inc. (NASDAQ:MNRO) is set to announce its earnings results before the market opens on Thursday, October 20th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Monro Muffler Brake has set its Q2 guidance at $0.53-0.58 EPS and its FY17 guidance at $2.05-2.20 EPS.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $236.90 million for the quarter, compared to the consensus estimate of $235.12 million. Monro Muffler Brake had a net margin of 6.86% and a return on equity of 12.54%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS. On average, analysts expect Monro Muffler Brake to post $2.12 EPS for the current fiscal year and $2.45 EPS for the next fiscal year.

Earnings History for Monro Muffler Brake (NASDAQ:MNRO)

Monro Muffler Brake Inc. (NASDAQ:MNRO) opened at 59.55 on Tuesday. The stock has a 50 day moving average of $59.49 and a 200-day moving average of $63.18. Monro Muffler Brake Inc. has a 12 month low of $55.24 and a 12 month high of $77.00. The firm has a market cap of $1.92 billion, a P/E ratio of 30.71 and a beta of 0.84.

MNRO has been the topic of several analyst reports. Northcoast Research cut Monro Muffler Brake from a “neutral” rating to a “sell” rating in a research report on Thursday, July 14th. Zacks Investment Research cut Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Thursday, September 29th. Gabelli initiated coverage on Monro Muffler Brake in a research report on Thursday, August 25th. They set a “hold” rating on the stock. Jefferies Group reiterated a “buy” rating and set a $72.00 price target on shares of Monro Muffler Brake in a research report on Friday, July 29th. Finally, Susquehanna initiated coverage on Monro Muffler Brake in a research report on Thursday, August 25th. They set a “positive” rating and a $66.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $75.88.

In related news, insider John C. Lamb sold 650 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $56.22, for a total value of $36,543.00. Following the transaction, the insider now directly owns 500 shares in the company, valued at $28,110. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher R. Hoornbeck sold 6,750 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $56.70, for a total transaction of $382,725.00. Following the completion of the transaction, the insider now owns 26,855 shares in the company, valued at $1,522,678.50. The disclosure for this sale can be found here. 7.70% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MNRO. BlackRock Advisors LLC boosted its position in Monro Muffler Brake by 1.7% in the second quarter. BlackRock Advisors LLC now owns 14,822 shares of the company’s stock valued at $942,000 after buying an additional 246 shares during the period. BlackRock Investment Management LLC boosted its position in Monro Muffler Brake by 5.6% in the second quarter. BlackRock Investment Management LLC now owns 130,862 shares of the company’s stock valued at $8,318,000 after buying an additional 6,947 shares during the period. BlackRock Inc. boosted its position in Monro Muffler Brake by 18.4% in the second quarter. BlackRock Inc. now owns 2,800 shares of the company’s stock valued at $179,000 after buying an additional 435 shares during the period. BlackRock Fund Advisors boosted its position in Monro Muffler Brake by 1.9% in the second quarter. BlackRock Fund Advisors now owns 2,015,629 shares of the company’s stock valued at $128,113,000 after buying an additional 37,983 shares during the period. Finally, BlackRock Group LTD boosted its position in Monro Muffler Brake by 9.1% in the second quarter. BlackRock Group LTD now owns 45,139 shares of the company’s stock valued at $2,870,000 after buying an additional 3,781 shares during the period.

About Monro Muffler Brake

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.

5 Day Chart for NASDAQ:MNRO

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