Equities research analysts expect Monro, Inc. (NASDAQ:MNRO – Get Rating) to announce sales of $327.35 million for the current quarter, according to Zacks. Three analysts have provided estimates for Monro’s earnings. The highest sales estimate is $329.90 million and the lowest is $325.95 million. Monro posted sales of $305.49 million in the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Monro will report full year sales of $1.36 billion for the current financial year. For the next financial year, analysts anticipate that the firm will report sales of $1.42 billion, with estimates ranging from $1.40 billion to $1.42 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Monro.
Monro (NASDAQ:MNRO – Get Rating) last posted its earnings results on Wednesday, January 26th. The auto parts company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.02). The company had revenue of $341.80 million for the quarter, compared to the consensus estimate of $338.90 million. Monro had a net margin of 4.84% and a return on equity of 9.04%. Monro’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 EPS.
Shares of NASDAQ MNRO traded up $1.09 during midday trading on Tuesday, hitting $46.27. 298,609 shares of the company’s stock traded hands, compared to its average volume of 320,401. Monro has a 1 year low of $42.84 and a 1 year high of $72.67. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 1.31 and a beta of 1.13. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.26 and a current ratio of 0.80. The firm has a fifty day moving average of $45.17 and a 200 day moving average of $53.34.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 23rd. Shareholders of record on Wednesday, March 9th were paid a $0.26 dividend. The ex-dividend date was Tuesday, March 8th. This represents a $1.04 annualized dividend and a yield of 2.25%. Monro’s payout ratio is 54.45%.
In other Monro news, CEO Michael T. Broderick purchased 2,500 shares of the company’s stock in a transaction on Friday, January 28th. The stock was acquired at an average cost of $48.85 per share, for a total transaction of $122,125.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vectors Research Management LLC bought a new position in shares of Monro during the 4th quarter valued at approximately $42,000. US Bancorp DE lifted its position in Monro by 21.0% in the third quarter. US Bancorp DE now owns 1,136 shares of the auto parts company’s stock worth $65,000 after buying an additional 197 shares during the last quarter. First Mercantile Trust Co. lifted its position in Monro by 22.5% in the third quarter. First Mercantile Trust Co. now owns 1,897 shares of the auto parts company’s stock worth $109,000 after buying an additional 349 shares during the last quarter. Maverick Capital Ltd. bought a new stake in Monro in the third quarter worth $119,000. Finally, OLD National Bancorp IN lifted its position in Monro by 6.6% in the fourth quarter. OLD National Bancorp IN now owns 3,745 shares of the auto parts company’s stock worth $218,000 after buying an additional 233 shares during 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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