Brokerages Expect Monro Muffler Brake, Inc. (MNRO) to Post $0.54 EPS

Equities research analysts predict that Monro Muffler Brake, Inc. (NASDAQ:MNRO) will announce earnings per share (EPS) of $0.54 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Monro Muffler Brake’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.56. Monro Muffler Brake posted earnings per share of $0.50 during the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The firm is expected to issue its next earnings results before the market opens on Thursday, July 20th.

According to Zacks, analysts expect that Monro Muffler Brake will report full-year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.28. For the next year, analysts anticipate that the firm will report earnings of $2.47 per share, with EPS estimates ranging from $2.42 to $2.55. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Monro Muffler Brake.

Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Thursday, May 18th. The auto parts company reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. Monro Muffler Brake had a return on equity of 10.85% and a net margin of 6.00%. The firm had revenue of $252.01 million for the quarter, compared to analyst estimates of $254.38 million. During the same period last year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis.

Several analysts recently commented on MNRO shares. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $70.00 price target on shares of Monro Muffler Brake in a research note on Thursday, April 13th. TheStreet lowered Monro Muffler Brake from a “b-” rating to a “c+” rating in a research note on Tuesday, May 23rd. Zacks Investment Research lowered Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Thursday, March 16th. CIBC reaffirmed a “buy” rating on shares of Monro Muffler Brake in a research note on Monday, April 17th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of Monro Muffler Brake in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $65.80.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Monro Muffler Brake by 151,355.0% in the first quarter. BlackRock Inc. now owns 4,043,849 shares of the auto parts company’s stock valued at $210,685,000 after buying an additional 4,041,179 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Monro Muffler Brake by 6.5% in the first quarter. Vanguard Group Inc. now owns 3,023,550 shares of the auto parts company’s stock valued at $157,528,000 after buying an additional 183,577 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Monro Muffler Brake by 57.1% in the first quarter. Clearbridge Investments LLC now owns 1,601,634 shares of the auto parts company’s stock valued at $83,445,000 after buying an additional 581,973 shares during the last quarter. Akre Capital Management LLC increased its position in shares of Monro Muffler Brake by 4.9% in the first quarter. Akre Capital Management LLC now owns 1,597,630 shares of the auto parts company’s stock valued at $83,237,000 after buying an additional 75,000 shares during the last quarter. Finally, State Street Corp increased its position in shares of Monro Muffler Brake by 6.4% in the first quarter. State Street Corp now owns 845,677 shares of the auto parts company’s stock valued at $44,059,000 after buying an additional 50,736 shares during the last quarter.

Shares of Monro Muffler Brake (MNRO) remained flat at $41.60 during midday trading on Tuesday. The company’s stock had a trading volume of 578,282 shares. The firm has a 50-day moving average price of $48.16 and a 200 day moving average price of $53.68. Monro Muffler Brake has a 1-year low of $39.92 and a 1-year high of $70.78. The firm has a market capitalization of $1.36 billion, a P/E ratio of 22.51 and a beta of 0.69.

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About Monro Muffler Brake

Monro Muffler Brake, Inc is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

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Earnings History and Estimates for Monro Muffler Brake (NASDAQ:MNRO)

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