Equities analysts predict that Monro Inc (NASDAQ:MNRO) will report sales of $337.33 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Monro’s earnings, with the lowest sales estimate coming in at $331.82 million and the highest estimate coming in at $343.20 million. Monro posted sales of $310.11 million in the same quarter last year, which suggests a positive year over year growth rate of 8.8%. The firm is expected to report its next earnings results on Thursday, January 30th.
According to Zacks, analysts expect that Monro will report full-year sales of $1.30 billion for the current fiscal year, with estimates ranging from $1.28 billion to $1.31 billion. For the next year, analysts forecast that the business will post sales of $1.39 billion, with estimates ranging from $1.38 billion to $1.41 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Monro.
Monro (NASDAQ:MNRO) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.11). Monro had a return on equity of 11.41% and a net margin of 6.48%. The business had revenue of $324.11 million for the quarter, compared to the consensus estimate of $330.07 million. During the same period in the prior year, the business posted $0.65 earnings per share. Monro’s revenue was up 5.5% compared to the same quarter last year.
MNRO stock traded up $2.63 during mid-day trading on Thursday, hitting $77.02. The stock had a trading volume of 318,195 shares, compared to its average volume of 309,794. The company has a current ratio of 0.95, a quick ratio of 0.30 and a debt-to-equity ratio of 0.83. Monro has a 52 week low of $60.78 and a 52 week high of $89.72. The firm has a market capitalization of $2.56 billion, a P/E ratio of 32.36, a P/E/G ratio of 2.35 and a beta of 0.74. The firm has a fifty day simple moving average of $72.76 and a 200 day simple moving average of $79.01.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.14%. The ex-dividend date is Monday, December 9th. Monro’s payout ratio is 36.97%.
In related news, Director Peter J. Solomon sold 5,500 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $70.86, for a total value of $389,730.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 13,104 shares of company stock valued at $941,046. 4.40% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the stock. Advisory Services Network LLC raised its stake in shares of Monro by 60.2% during the second quarter. Advisory Services Network LLC now owns 322 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 121 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Monro by 1.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,900 shares of the auto parts company’s stock valued at $844,000 after acquiring an additional 170 shares during the last quarter. US Bancorp DE raised its stake in shares of Monro by 8.8% during the second quarter. US Bancorp DE now owns 2,202 shares of the auto parts company’s stock valued at $188,000 after acquiring an additional 178 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of Monro by 1.9% during the third quarter. Mason Street Advisors LLC now owns 11,281 shares of the auto parts company’s stock valued at $891,000 after acquiring an additional 206 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Monro by 2.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,075 shares of the auto parts company’s stock valued at $1,115,000 after acquiring an additional 300 shares during the last quarter.
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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