Monro Inc (NASDAQ:MNRO) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $80.47.
A number of research analysts have recently issued reports on the stock. SunTrust Banks reduced their price objective on shares of Monro to $75.00 and set a “positive” rating for the company in a report on Friday, October 25th. Zacks Investment Research cut shares of Monro from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. ValuEngine raised shares of Monro from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. BMO Capital Markets decreased their price objective on shares of Monro from $90.00 to $78.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Finally, BidaskClub lowered shares of Monro from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th.
In other news, Director Peter J. Solomon sold 2,000 shares of Monro stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $71.42, for a total transaction of $142,840.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 13,104 shares of company stock valued at $941,046. Insiders own 4.40% of the company’s stock.
Monro stock traded down $1.56 during trading hours on Tuesday, reaching $71.94. 7,050 shares of the company’s stock were exchanged, compared to its average volume of 186,355. The firm’s 50 day simple moving average is $73.41 and its 200 day simple moving average is $79.27. Monro has a twelve month low of $60.78 and a twelve month high of $89.72. The company has a quick ratio of 0.30, a current ratio of 0.95 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $2.44 billion, a PE ratio of 30.24, a PEG ratio of 2.28 and a beta of 0.74.
Monro (NASDAQ:MNRO) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.11). The business had revenue of $324.11 million during the quarter, compared to analyst estimates of $330.07 million. Monro had a net margin of 6.48% and a return on equity of 11.41%. Monro’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. Analysts anticipate that Monro will post 2.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be paid a $0.22 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.88 dividend on an annualized basis and a yield of 1.22%. Monro’s dividend payout ratio (DPR) is presently 36.97%.
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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