$327.35 Million in Sales Expected for Monro, Inc. (NASDAQ:MNRO) This Quarter

Equities research analysts expect Monro, Inc. (NASDAQ:MNROGet Rating) to announce $327.35 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Monro’s earnings, with the highest sales estimate coming in at $329.90 million and the lowest estimate coming in at $325.95 million. Monro posted sales of $305.49 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Monro will report full year sales of $1.36 billion for the current financial year. For the next fiscal year, analysts expect that the company 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 sell-side analysts that follow Monro.

MNRO has been the topic of a number of analyst reports. TheStreet lowered shares of Monro from a “b-” rating to a “c” rating in a report on Monday, January 31st. StockNews.com upgraded shares of Monro from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. BMO Capital Markets decreased their price objective on shares of Monro from $70.00 to $65.00 in a research note on Thursday, January 27th. Finally, Zacks Investment Research lowered shares of Monro from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th.

MNRO opened at $46.95 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.80 and a quick ratio of 0.26. Monro has a fifty-two week low of $42.84 and a fifty-two week high of $72.12. The firm has a market capitalization of $1.57 billion, a PE ratio of 24.58, a P/E/G ratio of 1.30 and a beta of 1.13. The company’s 50-day moving average is $45.30 and its 200 day moving average is $52.52.

The company also recently disclosed 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 of this dividend was Tuesday, March 8th. This represents a $1.04 annualized dividend and a yield of 2.22%. Monro’s dividend payout ratio (DPR) is 54.45%.

Several institutional investors have recently added to or reduced their stakes in the company. Granite Investment Partners LLC grew its position in shares of Monro by 29.0% during the 1st quarter. Granite Investment Partners LLC now owns 131,729 shares of the auto parts company’s stock valued at $5,841,000 after acquiring an additional 29,629 shares during the period. Mutual of America Capital Management LLC grew its position in shares of Monro by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,834 shares of the auto parts company’s stock valued at $214,000 after acquiring an additional 252 shares during the period. Personal CFO Solutions LLC grew its position in shares of Monro by 4.6% during the 1st quarter. Personal CFO Solutions LLC now owns 4,894 shares of the auto parts company’s stock valued at $217,000 after acquiring an additional 216 shares during the period. Comerica Bank boosted its holdings in Monro by 4.6% in the 1st quarter. Comerica Bank now owns 33,780 shares of the auto parts company’s stock worth $1,635,000 after buying an additional 1,475 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Monro in the 1st quarter worth approximately $2,542,000.

Monro Company Profile (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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Earnings History and Estimates for Monro (NASDAQ:MNRO)

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