Monro Muffler Brake, Inc. (MNRO) to Release Earnings on Wednesday
Monro Muffler Brake, Inc. (NASDAQ:MNRO) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 18th. Analysts expect Monro Muffler Brake to post earnings of $0.56 per share for the quarter. Monro Muffler Brake has set its Q2 guidance at $0.54-0.58 EPS and its FY18 guidance at $2.05-2.20 EPS.
Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Thursday, July 20th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $270.85 million. During the same period last year, the company earned $0.50 earnings per share. Monro Muffler Brake’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, analysts expect Monro Muffler Brake to post $2.13 EPS for the current fiscal year and $2.35 EPS for the next fiscal year.
Shares of Monro Muffler Brake, Inc. (NASDAQ MNRO) opened at 52.55 on Monday. Monro Muffler Brake, Inc. has a one year low of $39.65 and a one year high of $61.75. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 27.98 and a beta of 0.73. The company’s 50 day moving average price is $51.92 and its 200 day moving average price is $48.95.
In other Monro Muffler Brake news, Director Stephen C. Mccluski purchased 1,200 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were purchased at an average cost of $46.45 per share, with a total value of $55,740.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Craig L. Hoyle sold 2,000 shares of the business’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 directly owns 58,000 shares in the company, valued at $2,785,160. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 6,893 shares of company stock valued at $328,155 and sold 244,064 shares valued at $11,438,709. 6.20% of the stock is currently owned by corporate insiders.
Several equities analysts have recently issued reports on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Monro Muffler Brake in a report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $51.00 target price (down from $54.00) on shares of Monro Muffler Brake in a research note on Saturday, July 22nd. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Monro Muffler Brake in a research note on Tuesday, June 20th. BidaskClub lowered shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Zacks Investment Research lowered shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Monro Muffler Brake has a consensus rating of “Hold” and an average target price of $63.33.
About Monro Muffler Brake
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.
Receive News & Ratings for Monro Muffler Brake Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake Inc. and related companies with MarketBeat.com's FREE daily email newsletter.