Wall Street brokerages predict that Monro Muffler Brake, Inc. (NASDAQ:MNRO) will announce sales of $273.11 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Monro Muffler Brake’s earnings, with estimates ranging from $271.24 million to $274.10 million. Monro Muffler Brake reported sales of $236.89 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.3%. The business is expected to report its next quarterly earnings results on Thursday, July 27th.
According to Zacks, analysts expect that Monro Muffler Brake will report full year sales of $273.11 million for the current fiscal year, with estimates ranging from $1.11 billion to $1.15 billion. For the next fiscal year, analysts expect that the company will post sales of $1.24 billion per share, with estimates ranging from $1.22 billion to $1.28 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Monro Muffler Brake.
Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Thursday, May 18th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Monro Muffler Brake had a net margin of 6.00% and a return on equity of 10.85%. The company had revenue of $252.01 million for the quarter, compared to the consensus estimate of $254.38 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The business’s revenue was up 10.0% compared to the same quarter last year.
A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Thursday, March 16th. CIBC reaffirmed a “buy” rating on shares of Monro Muffler Brake in a research report on Monday, April 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price target on shares of Monro Muffler Brake in a research report on Friday, May 5th. Oppenheimer Holdings, Inc. set a $70.00 price target on shares of Monro Muffler Brake and gave the stock a “buy” rating in a research report on Thursday, May 18th. Finally, TheStreet lowered shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $66.25.
A number of institutional investors have recently added to or reduced their stakes in the stock. Forward Management LLC raised its position in Monro Muffler Brake by 6.8% in the first quarter. Forward Management LLC now owns 2,431 shares of the auto parts company’s stock valued at $127,000 after buying an additional 154 shares in the last quarter. Victory Capital Management Inc. raised its position in Monro Muffler Brake by 32.2% in the first quarter. Victory Capital Management Inc. now owns 2,560 shares of the auto parts company’s stock valued at $133,000 after buying an additional 623 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Monro Muffler Brake during the first quarter valued at approximately $141,000. Pacad Investment Ltd. purchased a new position in Monro Muffler Brake during the fourth quarter valued at approximately $206,000. Finally, State of Alaska Department of Revenue raised its position in Monro Muffler Brake by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 3,610 shares of the auto parts company’s stock valued at $188,000 after buying an additional 120 shares in the last quarter.
Shares of Monro Muffler Brake (NASDAQ MNRO) opened at 45.85 on Friday. Monro Muffler Brake has a 12 month low of $45.45 and a 12 month high of $70.78. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 24.81 and a beta of 0.64. The stock’s 50 day moving average is $50.16 and its 200 day moving average is $54.65.
The company also recently announced a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Friday, June 2nd were issued a $0.18 dividend. This is a positive change from Monro Muffler Brake’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Wednesday, May 31st. Monro Muffler Brake’s dividend payout ratio (DPR) is currently 38.92%.
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Monro Muffler Brake Company Profile
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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