Monro (MNRO) Expected to Announce Earnings on Wednesday

Monro (NASDAQ:MNRO) is expected to be releasing its earnings data before the market opens on Wednesday, January 22nd. Analysts expect Monro to post earnings of $0.31 per share and revenue of $310,780.00 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Monro (NASDAQ:MNRO) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.08). Monro had a net margin of 2.24% and a return on equity of 4.77%. The business had revenue of $301.39 million during the quarter, compared to the consensus estimate of $300.06 million. During the same period last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, analysts expect Monro to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Monro Price Performance

Shares of MNRO stock opened at $21.64 on Tuesday. Monro has a 52-week low of $21.00 and a 52-week high of $33.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.21 and a current ratio of 0.53. The stock has a market cap of $648.12 million, a PE ratio of 24.87, a PEG ratio of 1.75 and a beta of 1.11. The firm’s 50 day moving average price is $25.75 and its two-hundred day moving average price is $26.31.

Monro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were given a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.18%. Monro’s dividend payout ratio is 128.74%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Monro from $30.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Wedbush reaffirmed an “outperform” rating and set a $31.00 price target on shares of Monro in a research report on Wednesday, December 18th. Finally, Stephens initiated coverage on Monro in a research note on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 target price for the company.

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.