Monro Inc (NASDAQ:MNRO) – Stock analysts at SunTrust Banks boosted their Q2 2020 earnings per share (EPS) estimates for shares of Monro in a research report issued on Tuesday, May 21st. SunTrust Banks analyst S. Benjamin now forecasts that the auto parts company will post earnings of $0.74 per share for the quarter, up from their previous forecast of $0.72. SunTrust Banks currently has a “Hold” rating and a $85.00 price target on the stock. SunTrust Banks also issued estimates for Monro’s Q4 2020 earnings at $0.56 EPS, FY2020 earnings at $2.63 EPS, Q1 2021 earnings at $0.75 EPS, Q2 2021 earnings at $0.83 EPS, Q3 2021 earnings at $0.73 EPS and Q4 2021 earnings at $0.63 EPS.
Monro (NASDAQ:MNRO) last issued its quarterly earnings data on Tuesday, May 21st. The auto parts company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. Monro had a net margin of 6.64% and a return on equity of 12.10%. The firm had revenue of $287.20 million for the quarter, compared to analyst estimates of $292.07 million. During the same quarter in the previous year, the business posted $0.52 EPS. The firm’s revenue was up .6% compared to the same quarter last year.
Shares of MNRO stock opened at $84.52 on Thursday. Monro has a 12 month low of $51.95 and a 12 month high of $89.72. The company has a current ratio of 1.10, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 2.53 and a beta of 0.75.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.88 annualized dividend and a dividend yield of 1.04%. This is an increase from Monro’s previous quarterly dividend of $0.20. Monro’s payout ratio is presently 33.61%.
In other news, Director Donald Glickman sold 10,000 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $78.16, for a total value of $781,600.00. Following the completion of the sale, the director now owns 181,078 shares of the company’s stock, valued at approximately $14,153,056.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.60% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MNRO. State of Alaska Department of Revenue grew its position in shares of Monro by 1.1% during the 1st quarter. State of Alaska Department of Revenue now owns 11,156 shares of the auto parts company’s stock valued at $965,000 after buying an additional 125 shares during the last quarter. Cardinal Capital Management grew its position in shares of Monro by 1.6% during the 1st quarter. Cardinal Capital Management now owns 11,057 shares of the auto parts company’s stock valued at $956,000 after buying an additional 169 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Monro by 1.8% during 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 buying an additional 231 shares during the last quarter. Arizona State Retirement System grew its position in shares of Monro by 0.5% during 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 buying an additional 266 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. grew its position in shares of Monro by 3.6% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 7,829 shares of the auto parts company’s stock valued at $538,000 after buying an additional 271 shares during the last quarter.
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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