Monro Inc (MNRO) to Post Q2 2019 Earnings of $0.65 Per Share, Northcoast Research Forecasts
Monro Inc (NASDAQ:MNRO) – Equities researchers at Northcoast Research issued their Q2 2019 EPS estimates for shares of Monro in a research report issued on Thursday, September 13th. Northcoast Research analyst J. Healy expects that the auto parts company will post earnings of $0.65 per share for the quarter. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Monro’s Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.48 EPS, FY2019 earnings at $2.33 EPS and FY2020 earnings at $2.65 EPS.
Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, July 26th. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.03). The firm had revenue of $295.80 million for 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 business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 EPS.
NASDAQ MNRO opened at $69.45 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.38 billion, a P/E ratio of 34.01, a PEG ratio of 5.14 and a beta of 0.84. Monro has a 1 year low of $45.45 and a 1 year high of $73.45.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 6th. Shareholders of record on Monday, August 27th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 24th. This represents a $0.80 dividend on an annualized basis and a yield of 1.15%. Monro’s dividend payout ratio is currently 38.46%.
In other Monro news, Director Peter J. Solomon sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $70.04, for a total value of $350,200.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Donald Glickman sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $69.66, for a total transaction of $696,600.00. Following the completion of the sale, the director now owns 189,250 shares in the company, valued at approximately $13,183,155. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock worth $4,574,800 in the last 90 days. Company insiders own 4.60% of the company’s stock.
A number of institutional investors have recently modified their holdings of MNRO. CenterStar Asset Management LLC acquired a new stake in Monro in the second quarter valued at approximately $101,000. Kessler Investment Group LLC acquired a new stake in Monro in the second quarter valued at approximately $132,000. PEAK6 Investments L.P. boosted its position in Monro by 979.0% in the second quarter. PEAK6 Investments L.P. now owns 3,516 shares of the auto parts company’s stock valued at $204,000 after buying an additional 3,916 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in Monro by 72.3% in the first quarter. Xact Kapitalforvaltning AB now owns 6,437 shares of the auto parts company’s stock valued at $345,000 after buying an additional 2,700 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Monro in the second quarter valued at approximately $404,000.
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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