$0.55 Earnings Per Share Expected for Monro Muffler Brake, Inc. (MNRO) This Quarter
Equities analysts expect that Monro Muffler Brake, Inc. (NASDAQ:MNRO) will announce earnings of $0.55 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Monro Muffler Brake’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.57. Monro Muffler Brake reported earnings per share of $0.53 in the same quarter last year, which indicates a positive year-over-year growth rate of 3.8%. The business is scheduled to announce its next earnings report on Thursday, October 19th.
According to Zacks, analysts expect that Monro Muffler Brake will report full year earnings of $2.16 per share for the current year, with EPS estimates ranging from $2.05 to $2.22. For the next fiscal year, analysts anticipate that the business will post earnings of $2.43 per share, with EPS estimates ranging from $2.33 to $2.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Monro Muffler Brake.
Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The business had revenue of $278.50 million for the quarter, compared to analyst estimates of $270.85 million. During the same quarter last year, the firm posted $0.50 earnings per share. The business’s revenue was up 18.4% compared to the same quarter last year.
Several equities analysts have recently commented on MNRO shares. BidaskClub raised Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Stephens lowered Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 29th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $51.00 price target (down previously from $54.00) on shares of Monro Muffler Brake in a research note on Saturday, July 22nd. TheStreet lowered Monro Muffler Brake from a “b-” rating to a “c+” rating in a research note on Tuesday, May 23rd. Finally, Oppenheimer Holdings, Inc. set a $70.00 price target on Monro Muffler Brake and gave the company a “buy” rating in a research note on Thursday, May 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $63.33.
Monro Muffler Brake (MNRO) traded down 0.10% during mid-day trading on Friday, reaching $48.95. The company’s stock had a trading volume of 111,170 shares. The firm’s 50 day moving average price is $46.75 and its 200 day moving average price is $49.30. Monro Muffler Brake has a 12-month low of $39.65 and a 12-month high of $62.07. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 26.06 and a beta of 0.71.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Monday, August 28th were paid a dividend of $0.18 per share. This is a positive change from Monro Muffler Brake’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.72 annualized dividend and a yield of 1.47%. Monro Muffler Brake’s dividend payout ratio is presently 38.30%.
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In other Monro Muffler Brake news, VP Craig L. Hoyle sold 2,000 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $48.02, for a total transaction of $96,040.00. Following the sale, the vice president now owns 58,000 shares in the company, valued at approximately $2,785,160. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert G. Gross sold 1,473 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $46.76, for a total value of $68,877.48. Following the sale, the chief executive officer now owns 132,807 shares in the company, valued at approximately $6,210,055.32. The disclosure for this sale can be found here. In the last three months, insiders have purchased 6,893 shares of company stock worth $328,155 and have sold 244,064 shares worth $11,438,709. 6.20% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Crawford Investment Counsel Inc. increased its holdings in Monro Muffler Brake by 92.9% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 59,640 shares of the auto parts company’s stock worth $2,490,000 after purchasing an additional 28,720 shares during the period. State Street Corp increased its holdings in shares of Monro Muffler Brake by 6.4% in the 1st quarter. State Street Corp now owns 845,677 shares of the auto parts company’s stock valued at $44,059,000 after acquiring an additional 50,736 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Monro Muffler Brake by 2.6% in the 1st quarter. Legal & General Group Plc now owns 57,925 shares of the auto parts company’s stock valued at $3,018,000 after acquiring an additional 1,457 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Monro Muffler Brake by 166.9% in the 2nd quarter. Bank of Montreal Can now owns 143,518 shares of the auto parts company’s stock valued at $5,992,000 after acquiring an additional 89,746 shares during the last quarter. Finally, Scout Investments Inc. increased its holdings in shares of Monro Muffler Brake by 3.9% in the 2nd quarter. Scout Investments Inc. now owns 95,925 shares of the auto parts company’s stock valued at $4,005,000 after acquiring an additional 3,575 shares during the last quarter.
Monro Muffler Brake 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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