Monro (NASDAQ:MNRO) Issues Earnings Results

Monro (NASDAQ:MNRO) released its quarterly earnings results on Wednesday. The auto parts company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.12), Zacks reports. Monro had a net margin of 2.24% and a return on equity of 4.77%.

Monro Trading Down 9.6 %

NASDAQ MNRO opened at $19.90 on Wednesday. The stock has a market cap of $595.98 million, a P/E ratio of 23.24, a P/E/G ratio of 1.73 and a beta of 1.11. The company has a current ratio of 0.53, a quick ratio of 0.21 and a debt-to-equity ratio of 0.47. Monro has a 12-month low of $20.52 and a 12-month high of $33.98. The company has a fifty day simple moving average of $24.88 and a two-hundred day simple moving average of $26.29.

Monro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 5.63%. Monro’s payout ratio is 128.74%.

Analyst Ratings Changes

MNRO has been the subject of several recent analyst reports. Stephens began coverage on shares of Monro in a research note on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 price objective for the company. Wedbush reiterated an “outperform” rating and set a $31.00 price objective on shares of Monro in a report on Wednesday, December 18th. Finally, Wells Fargo & Company dropped their target price on Monro from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Monday.

Monro Company Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.