Equities analysts expect Monro Inc (NASDAQ:MNRO) to announce earnings of $0.64 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Monro’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.62. Monro reported earnings of $0.55 per share in the same quarter last year, which suggests a positive year over year growth rate of 16.4%. The company is expected to issue its next earnings report on Tuesday, October 23rd.

On average, analysts expect that Monro will report full year earnings of $2.35 per share for the current fiscal year, with EPS estimates ranging from $2.33 to $2.37. For the next fiscal year, analysts anticipate that the company will report earnings of $2.61 per share, with EPS estimates ranging from $2.55 to $2.66. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Monro.

Monro (NASDAQ:MNRO) last issued its quarterly earnings data on Thursday, July 26th. The auto parts company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). The firm had revenue of $295.80 million during the quarter, compared to analyst estimates of $296.80 million. Monro had a return on equity of 11.81% and a net margin of 5.85%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted $0.55 EPS.

MNRO has been the subject of a number of analyst reports. Goldman Sachs Group upgraded shares of Monro from a “neutral” rating to a “buy” rating in a research report on Friday, July 13th. BidaskClub downgraded shares of Monro from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 27th. Zacks Investment Research downgraded shares of Monro from a “buy” rating to a “sell” rating in a research report on Friday, May 25th. Guggenheim set a $67.00 price objective on shares of Monro and gave the stock a “buy” rating in a research report on Friday, July 13th. Finally, TheStreet upgraded shares of Monro from a “c+” rating to a “b-” rating in a research report on Thursday, June 14th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Monro has an average rating of “Buy” and an average target price of $69.00.

In related news, Director Peter J. Solomon sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $70.48, for a total transaction of $704,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donald Glickman sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $68.91, for a total transaction of $344,550.00. Following the transaction, the director now owns 189,250 shares of the company’s stock, valued at approximately $13,041,217.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,000 shares of company stock valued at $4,574,800. Insiders own 4.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CenterStar Asset Management LLC purchased a new stake in Monro during the 2nd quarter valued at about $101,000. Kessler Investment Group LLC purchased a new stake in Monro during the 2nd quarter valued at about $132,000. PEAK6 Investments L.P. grew its stake in Monro by 979.0% during the 2nd quarter. PEAK6 Investments L.P. now owns 3,516 shares of the auto parts company’s stock valued at $204,000 after acquiring an additional 3,916 shares in the last quarter. Bbva Compass Bancshares Inc. grew its stake in Monro by 29.1% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 6,033 shares of the auto parts company’s stock valued at $323,000 after acquiring an additional 1,359 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in Monro by 72.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 6,437 shares of the auto parts company’s stock valued at $345,000 after acquiring an additional 2,700 shares in the last quarter.

Shares of Monro stock traded down $0.45 during trading hours on Tuesday, reaching $69.00. The stock had a trading volume of 190,959 shares, compared to its average volume of 296,665. The company has a market cap of $2.34 billion, a P/E ratio of 33.17, a price-to-earnings-growth ratio of 5.05 and a beta of 0.84. Monro has a twelve month low of $45.45 and a twelve month high of $73.45. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.33 and a current ratio of 1.09.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Monday, August 27th were given a dividend of $0.20 per share. The ex-dividend date was Friday, August 24th. This represents a $0.80 annualized dividend and a dividend yield of 1.16%. Monro’s dividend payout ratio (DPR) is presently 38.46%.

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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