Monro (NASDAQ:MNRO) Releases Quarterly Earnings Results, Beats Expectations By $0.37 EPS
Monro (NASDAQ:MNRO) announced its quarterly earnings data on Wednesday. The auto parts company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.37, MarketWatch Earnings reports. Monro had a return on equity of 6.57% and a net margin of 3.24%. The business had revenue of $247.06 million during the quarter, compared to analyst estimates of $246.86 million. During the same period last year, the company earned $0.69 earnings per share. Monro’s quarterly revenue was down 22.1% compared to the same quarter last year.
Shares of Monro stock traded down $2.65 on Friday, reaching $54.93. 6,259 shares of the stock were exchanged, compared to its average volume of 284,304. The firm’s 50 day moving average is $57.28 and its 200-day moving average is $56.39. Monro has a one year low of $37.09 and a one year high of $87.60. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.60 and a current ratio of 1.35. The firm has a market cap of $1.83 billion, a PE ratio of 49.70, a P/E/G ratio of 3.90 and a beta of 1.14.
Several research firms have commented on MNRO. BMO Capital Markets lowered their target price on shares of Monro from $71.00 to $41.00 and set a “market perform” rating on the stock in a research report on Monday, April 6th. SunTrust Banks lifted their target price on shares of Monro from $58.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday. Oppenheimer reaffirmed a “hold” rating on shares of Monro in a report on Wednesday, June 17th. BidaskClub raised shares of Monro from a “sell” rating to a “hold” rating in a report on Saturday, July 11th. Finally, ValuEngine raised shares of Monro from a “hold” rating to a “buy” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.20.
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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