Monro (NASDAQ:MNRO) Announces Quarterly Earnings Results

Monro (NASDAQ:MNROGet Rating) posted its quarterly earnings data on Thursday. The auto parts company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.26), Briefing.com reports. The business had revenue of $328.00 million for the quarter, compared to analyst estimates of $328.18 million. Monro had a return on equity of 8.15% and a net margin of 4.53%. Monro’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS.

MNRO traded down $1.00 on Friday, reaching $38.80. 706,338 shares of the company’s stock were exchanged, compared to its average volume of 472,053. Monro has a twelve month low of $37.49 and a twelve month high of $65.30. The company’s 50 day moving average is $44.97 and its 200-day moving average is $51.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.26 and a current ratio of 0.76. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 1.11 and a beta of 1.03.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 20th. Stockholders of record on Monday, June 6th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, June 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.89%. This is a boost from Monro’s previous quarterly dividend of $0.26. Monro’s payout ratio is presently 57.46%.

Several analysts have commented on MNRO shares. TheStreet cut Monro from a “b-” rating to a “c” rating in a report on Monday, January 31st. BMO Capital Markets lowered their target price on shares of Monro from $65.00 to $47.00 in a report on Friday. StockNews.com raised shares of Monro from a “hold” rating to a “buy” rating in a research note on Thursday, May 12th. Finally, Zacks Investment Research lowered shares of Monro from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th.

Several hedge funds have recently modified their holdings of the company. Vectors Research Management LLC purchased a new stake in shares of Monro in the fourth quarter worth about $42,000. US Bancorp DE boosted its holdings in Monro by 21.0% in the 3rd quarter. US Bancorp DE now owns 1,136 shares of the auto parts company’s stock worth $65,000 after acquiring an additional 197 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Monro in the first quarter valued at approximately $70,000. Captrust Financial Advisors raised its stake in shares of Monro by 130.3% during the first quarter. Captrust Financial Advisors now owns 1,785 shares of the auto parts company’s stock valued at $79,000 after purchasing an additional 1,010 shares during the period. Finally, First Mercantile Trust Co. lifted its position in shares of Monro by 22.5% during the third quarter. First Mercantile Trust Co. now owns 1,897 shares of the auto parts company’s stock worth $109,000 after purchasing an additional 349 shares in the last quarter.

About Monro (Get Rating)

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services; routine maintenance services on passenger cars, light trucks, and vans; products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.

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Earnings History for Monro (NASDAQ:MNRO)

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