Monro, Inc. (NASDAQ:MNRO) has earned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $57.00.
A number of equities research analysts have commented on MNRO shares. TheStreet upgraded shares of Monro from a “c” rating to a “b-” rating in a report on Wednesday, July 28th. Zacks Investment Research cut shares of Monro from a “buy” rating to a “hold” rating in a report on Wednesday, May 26th.
In other Monro news, CEO Michael T. Broderick acquired 5,000 shares of the company’s stock in a transaction on Friday, July 30th. The shares were purchased at an average cost of $59.39 per share, with a total value of $296,950.00. Following the completion of the purchase, the chief executive officer now owns 50,000 shares of the company’s stock, valued at $2,969,500. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by company insiders.
Shares of MNRO traded up $0.34 during trading hours on Monday, hitting $56.43. 220,948 shares of the stock were exchanged, compared to its average volume of 228,226. Monro has a fifty-two week low of $39.39 and a fifty-two week high of $72.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.80 and a quick ratio of 0.28. The business has a 50-day moving average of $58.02 and a 200-day moving average of $63.15. The firm has a market capitalization of $1.89 billion, a P/E ratio of 40.60, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13.
Monro (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, July 28th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.04. Monro had a net margin of 3.85% and a return on equity of 7.02%. The company had revenue of $341.82 million during the quarter, compared to analysts’ expectations of $324.00 million. As a group, analysts forecast that Monro will post 2.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 7th. Shareholders of record on Monday, August 23rd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.84%. This is a positive change from Monro’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, August 20th. Monro’s dividend payout ratio (DPR) is 91.23%.
Monro Company Profile
Monro, Inc engages in the operation of chain stores that provides automotive undercar repair and tire services. The company offers services for brakes; mufflers and exhaust systems; and steering, drive train, suspension and wheel alignment. It operates under the brand names: Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr.
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