Monro Inc (NASDAQ:MNRO) – Analysts at Jefferies Financial Group dropped their Q2 2020 earnings per share (EPS) estimates for Monro in a research note issued to investors on Tuesday, May 21st. Jefferies Financial Group analyst B. Jordan now expects that the auto parts company will earn $0.68 per share for the quarter, down from their prior forecast of $0.71. Jefferies Financial Group also issued estimates for Monro’s Q4 2020 earnings at $0.63 EPS, Q1 2021 earnings at $0.79 EPS, Q2 2021 earnings at $0.74 EPS, Q3 2021 earnings at $0.72 EPS and Q4 2021 earnings at $0.73 EPS.

Several other equities analysts have also recently issued reports on the company. SunTrust Banks boosted their target price on Monro to $85.00 and gave the company a “hold” rating in a research note on Wednesday. They noted that the move was a valuation call. Zacks Investment Research raised Monro from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Thursday, May 16th. BidaskClub raised Monro from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Finally, Guggenheim cut Monro from a “buy” rating to a “neutral” rating and set a $82.89 target price on the stock. in a research note on Thursday, April 4th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Monro has an average rating of “Buy” and an average price target of $85.96.

MNRO opened at $84.52 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 1.10. Monro has a 52-week low of $51.95 and a 52-week high of $89.72. The company has a market cap of $2.78 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 2.53 and a beta of 0.75.

Monro (NASDAQ:MNRO) last posted its earnings results on Tuesday, May 21st. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. Monro had a return on equity of 12.10% and a net margin of 6.64%. The firm had revenue of $287.20 million for the quarter, compared to analysts’ expectations of $292.07 million. During the same period in the previous year, the firm earned $0.52 earnings per share. The business’s revenue was up .6% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from Monro’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 1.04%. Monro’s payout ratio is currently 33.61%.

In related news, Director Donald Glickman sold 10,000 shares of Monro stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $78.16, for a total transaction of $781,600.00. Following the sale, the director now directly owns 181,078 shares in the company, valued at $14,153,056.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in Monro by 6.0% in the first quarter. FMR LLC now owns 575,137 shares of the auto parts company’s stock worth $49,762,000 after acquiring an additional 32,522 shares in the last quarter. Maverick Capital Ltd. boosted its holdings in Monro by 344.5% in the first quarter. Maverick Capital Ltd. now owns 267,230 shares of the auto parts company’s stock worth $23,121,000 after acquiring an additional 207,110 shares in the last quarter. One Wealth Advisors LLC bought a new stake in Monro in the first quarter worth $96,000. M&T Bank Corp bought a new stake in Monro in the first quarter worth $217,000. Finally, Macquarie Group Ltd. boosted its holdings in Monro by 1.3% in the first quarter. Macquarie Group Ltd. now owns 22,633 shares of the auto parts company’s stock worth $1,958,000 after acquiring an additional 292 shares in the last quarter.

About Monro

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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