Oppenheimer Weighs in on Monro Inc’s Q1 2019 Earnings (MNRO)
Monro Inc (NASDAQ:MNRO) – Analysts at Oppenheimer issued their Q1 2019 EPS estimates for Monro in a research note issued to investors on Friday. Oppenheimer analyst B. Nagel expects that the auto parts company will post earnings of $0.68 per share for the quarter. Oppenheimer has a “Buy” rating on the stock. Oppenheimer also issued estimates for Monro’s Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.64 EPS and Q4 2019 earnings at $0.52 EPS.
MNRO has been the topic of a number of other reports. TheStreet downgraded shares of Monro from a “b-” rating to a “c+” rating in a research report on Monday, November 13th. Zacks Investment Research upgraded shares of Monro from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Jefferies Group reiterated a “hold” rating on shares of Monro in a research report on Wednesday, January 31st. BidaskClub upgraded shares of Monro from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, KeyCorp reiterated a “hold” rating on shares of Monro in a research report on Tuesday, October 24th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $63.33.
Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The business had revenue of $285.70 million for the quarter, compared to the consensus estimate of $292.94 million. Monro had a net margin of 5.13% and a return on equity of 10.48%. Monro’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS.
A number of hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc acquired a new stake in Monro during the 4th quarter worth approximately $232,000. Engineers Gate Manager LP acquired a new stake in Monro during the 4th quarter worth approximately $1,031,000. Parametrica Management Ltd acquired a new stake in Monro during the 4th quarter worth approximately $266,000. Peregrine Capital Management LLC raised its holdings in Monro by 0.6% during the 4th quarter. Peregrine Capital Management LLC now owns 329,820 shares of the auto parts company’s stock worth $18,783,000 after buying an additional 2,073 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Monro during the 4th quarter worth approximately $404,000.
WARNING: This article was published by Daily Political and is the property of of Daily Political. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.dailypolitical.com/2018/02/05/oppenheimer-weighs-in-on-monro-incs-q1-2019-earnings-mnro.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro and related companies with MarketBeat.com's FREE daily email newsletter.