$0.51 EPS Expected for Monro Inc (NASDAQ:MNRO) This Quarter

Brokerages predict that Monro Inc (NASDAQ:MNRO) will announce earnings per share of $0.51 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Monro’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.49. Monro also posted earnings per share of $0.51 during the same quarter last year. The business is scheduled to report its next earnings results on Tuesday, May 19th.

According to Zacks, analysts expect that Monro will report full-year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.39. For the next year, analysts forecast that the business will report earnings of $2.69 per share, with EPS estimates ranging from $2.54 to $2.80. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow Monro.

Monro (NASDAQ:MNRO) last released its quarterly earnings results on Thursday, January 30th. The auto parts company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.05). Monro had a net margin of 6.25% and a return on equity of 11.13%. The firm had revenue of $329.30 million during the quarter, compared to the consensus estimate of $338.04 million. During the same quarter in the prior year, the business posted $0.61 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis.

A number of analysts have recently weighed in on MNRO shares. Guggenheim upgraded shares of Monro from a “neutral” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Tuesday, December 10th. BMO Capital Markets lowered their price target on shares of Monro from $90.00 to $78.00 and set a “market perform” rating on the stock 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 Thursday, January 30th. ValuEngine cut shares of Monro from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Finally, BidaskClub cut shares of Monro from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Monro currently has a consensus rating of “Hold” and a consensus target price of $80.67.

NASDAQ:MNRO opened at $62.56 on Friday. Monro has a fifty-two week low of $59.47 and a fifty-two week high of $89.72. The stock has a market capitalization of $2.05 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.26 and a beta of 0.80. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.27 and a current ratio of 0.93. The company’s 50-day simple moving average is $71.76 and its 200-day simple moving average is $75.62.

A number of hedge funds have recently added to or reduced their stakes in MNRO. Copeland Capital Management LLC boosted its stake in Monro by 1,348.9% in the 3rd quarter. Copeland Capital Management LLC now owns 357,113 shares of the auto parts company’s stock worth $28,215,000 after purchasing an additional 332,466 shares in the last quarter. BlackRock Inc. boosted its stake in Monro by 4.0% in the 2nd quarter. BlackRock Inc. now owns 4,878,294 shares of the auto parts company’s stock worth $416,119,000 after purchasing an additional 189,012 shares in the last quarter. Morgan Stanley boosted its stake in Monro by 1,259.1% in the 2nd quarter. Morgan Stanley now owns 148,458 shares of the auto parts company’s stock worth $12,664,000 after purchasing an additional 137,535 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Monro in the 2nd quarter worth approximately $11,713,000. Finally, Fenimore Asset Management Inc. boosted its stake in Monro by 43.2% in the 4th quarter. Fenimore Asset Management Inc. now owns 452,699 shares of the auto parts company’s stock worth $35,401,000 after purchasing an additional 136,626 shares in the last quarter.

About Monro

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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Earnings History and Estimates for Monro (NASDAQ:MNRO)

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