Brokerages expect Monro, Inc. (NASDAQ:MNRO) to announce earnings of $0.55 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Monro’s earnings, with estimates ranging from $0.51 to $0.58. Monro reported earnings per share of $0.39 in the same quarter last year, which would indicate a positive year over year growth rate of 41%. The business is expected to report its next quarterly earnings results on Wednesday, October 27th.
On average, analysts expect that Monro will report full year earnings of $2.06 per share for the current financial year, with EPS estimates ranging from $1.95 to $2.13. For the next fiscal year, analysts expect that the business will post earnings of $2.30 per share, with EPS estimates ranging from $2.14 to $2.41. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Monro.
Monro (NASDAQ:MNRO) last issued its earnings results on Wednesday, July 28th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.04. Monro had a net margin of 3.85% and a return on equity of 7.02%. The firm had revenue of $341.82 million during the quarter, compared to analyst estimates of $324.00 million.
MNRO stock traded up $0.51 during trading on Wednesday, hitting $60.75. 4,248 shares of the company’s stock traded hands, compared to its average volume of 227,212. Monro has a 52 week low of $39.39 and a 52 week high of $72.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.28 and a current ratio of 0.80. The business has a fifty day simple moving average of $57.61 and a 200 day simple moving average of $62.82. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 43.34, a P/E/G ratio of 1.77 and a beta of 1.13.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 7th. Stockholders of record on Monday, August 23rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Friday, August 20th. This is a positive change from Monro’s previous quarterly dividend of $0.11. Monro’s dividend payout ratio (DPR) is 91.23%.
In related news, CEO Michael T. Broderick purchased 5,000 shares of Monro stock in a transaction that occurred on Friday, July 30th. The shares were bought at an average price of $59.39 per share, with a total value of $296,950.00. Following the purchase, the chief executive officer now directly owns 50,000 shares of the company’s stock, valued at approximately $2,969,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of MNRO. BlackRock Inc. increased its stake in Monro by 4.4% in the 1st quarter. BlackRock Inc. now owns 5,289,186 shares of the auto parts company’s stock worth $348,030,000 after buying an additional 224,634 shares during the period. Allianz Asset Management GmbH purchased a new position in Monro in the 1st quarter worth about $14,439,000. Point72 Asset Management L.P. purchased a new position in Monro during the 1st quarter valued at about $10,877,000. State Street Corp increased its position in Monro by 9.2% during the 2nd quarter. State Street Corp now owns 1,281,892 shares of the auto parts company’s stock valued at $81,413,000 after purchasing an additional 107,489 shares during the period. Finally, Wasatch Advisors Inc. increased its position in Monro by 2.3% during the 2nd quarter. Wasatch Advisors Inc. now owns 4,787,541 shares of the auto parts company’s stock valued at $304,057,000 after purchasing an additional 106,211 shares during the period.
Monro, Inc engages in the operation of chain stores that provides automotive undercar repair and tire services. The company offers services for brakes; mufflers and exhaust systems; and steering, drive train, suspension and wheel alignment. It operates under the brand names: Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr.
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