Monro (MNRO) to Release Quarterly Earnings on Wednesday

by · The Markets Daily

Monro (NASDAQ:MNRO – Get Free Report) is set to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Monro (NASDAQ:MNRO – Get Free Report) last released its earnings results on Wednesday, July 31st. The auto parts company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.01 by $0.21. Monro had a net margin of 2.78% and a return on equity of 5.90%. The company had revenue of $293.20 million for the quarter, compared to analyst estimates of $293.70 million. During the same quarter last year, the firm earned $0.31 EPS. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. On average, analysts expect Monro to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Monro Price Performance

MNRO stock opened at $27.50 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.25 and a current ratio of 0.59. Monro has a 52 week low of $21.00 and a 52 week high of $33.98. The firm’s fifty day moving average is $27.06 and its 200 day moving average is $26.18. The firm has a market cap of $822.83 million, a P/E ratio of 23.31, a P/E/G ratio of 1.82 and a beta of 1.11.

Monro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, August 27th. This represents a $1.12 annualized dividend and a yield of 4.07%. Monro’s payout ratio is currently 94.92%.

Analyst Upgrades and Downgrades

Separately, Stephens started coverage on shares of Monro in a research report on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 price target for the company.

View Our Latest Stock Report on Monro

About Monro

(Get Free Report)

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

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