CIBC reaffirmed their market perform rating on shares of Monro (NASDAQ:MNRO) in a research note released on Thursday, FirstToMarketsRatingsTable reports.
Several other equities analysts have also issued reports on MNRO. Guggenheim raised their price target on Twitter from $33.00 to $41.00 and gave the stock a buy rating in a research report on Thursday, April 4th. SunTrust Banks restated a buy rating and set a $20.00 price target on shares of ANGI Homeservices in a research report on Wednesday, May 22nd. CL King restated a hold rating on shares of Monro in a research report on Wednesday, May 22nd. BidaskClub lowered Waterstone Financial from a hold rating to a sell rating in a research report on Friday, June 21st. Finally, Oppenheimer set a $13.00 price target on ArQule and gave the stock a buy rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $85.97.
MNRO opened at $83.35 on Thursday. The stock’s 50 day moving average is $85.13. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 0.54. Monro has a 1 year low of $60.78 and a 1 year high of $89.72. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 2.40 and a beta of 0.78.
Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Tuesday, May 21st. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. Monro had a return on equity of 12.10% and a net margin of 6.64%. The business had revenue of $287.20 million for the quarter, compared to analyst estimates of $292.07 million. During the same period last year, the company earned $0.52 EPS. Monro’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that Monro will post 2.67 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.88 annualized dividend and a yield of 1.06%. This is a boost from Monro’s previous quarterly dividend of $0.20. Monro’s dividend payout ratio (DPR) is 36.97%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its holdings in Monro by 1.1% in the 1st quarter. State of Alaska Department of Revenue now owns 11,156 shares of the auto parts company’s stock worth $965,000 after buying an additional 125 shares during the period. Cardinal Capital Management lifted its holdings in Monro by 1.6% in the 1st quarter. Cardinal Capital Management now owns 11,057 shares of the auto parts company’s stock worth $956,000 after buying an additional 169 shares during the period. Zions Bancorporation N.A. lifted its holdings in Monro by 6.2% in the 2nd quarter. Zions Bancorporation N.A. now owns 3,042 shares of the auto parts company’s stock worth $259,000 after buying an additional 178 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Monro by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,775 shares of the auto parts company’s stock valued at $1,105,000 after purchasing an additional 231 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of Monro by 0.5% in the 1st quarter. Arizona State Retirement System now owns 51,066 shares of the auto parts company’s stock valued at $4,418,000 after purchasing an additional 266 shares during the period.
Monro Company Profile
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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