Monro Muffler Brake, Inc. (NASDAQ:MNRO)‘s stock had its “hold” rating reaffirmed by research analysts at KeyCorp in a research note issued on Tuesday, October 24th. KeyCorp also issued estimates for Monro Muffler Brake’s Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $2.00 EPS and FY2019 earnings at $2.26 EPS.
Other equities analysts also recently issued reports about the company. TheStreet upgraded Monro Muffler Brake from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Monro Muffler Brake in a research report on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 target price on shares of Monro Muffler Brake in a research report on Tuesday, September 12th. Stephens lowered Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 29th. Finally, Zacks Investment Research upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $63.33.
Shares of Monro Muffler Brake (NASDAQ MNRO) opened at $48.15 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 0.28. Monro Muffler Brake has a 12-month low of $39.65 and a 12-month high of $61.75. The stock has a market capitalization of $1,577.97, a price-to-earnings ratio of 25.08, a PEG ratio of 1.77 and a beta of 0.68.
Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 10.82% and a net margin of 5.66%. The firm had revenue of $278.02 million for the quarter, compared to the consensus estimate of $277.06 million. During the same period in the prior year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. sell-side analysts anticipate that Monro Muffler Brake will post 2.02 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This news story was originally published by BBNS and is owned by of BBNS. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://baseballnewssource.com/markets/monro-muffler-brakes-mnro-hold-rating-reiterated-at-keycorp/1733682.html.
Several hedge funds have recently bought and sold shares of MNRO. BlackRock Inc. grew its stake 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 in the last quarter. Wasatch Advisors Inc. grew its stake in shares of Monro Muffler Brake by 85.5% in the second quarter. Wasatch Advisors Inc. now owns 2,588,911 shares of the auto parts company’s stock valued at $108,087,000 after buying an additional 1,193,473 shares in the last quarter. Arlington Value Capital LLC acquired a new stake in shares of Monro Muffler Brake in the second quarter valued at about $42,255,000. Clearbridge Investments LLC grew its stake 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 in the last quarter. Finally, FMR LLC acquired a new stake in shares of Monro Muffler Brake in the second quarter valued at about $16,355,000.
About Monro Muffler Brake
Monro, Inc, formerly 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.
Receive News & Ratings for Monro Muffler Brake Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake Inc. and related companies with our FREE daily email newsletter.