Monro Inc (NASDAQ:MNRO) – Equities research analysts at SunTrust Banks lifted their Q2 2020 earnings estimates for Monro in a research note issued on Tuesday, May 21st, according to Zacks Investment Research. SunTrust Banks analyst S. Benjamin now forecasts that the auto parts company will earn $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 target price 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 results on Tuesday, May 21st. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $287.20 million for the quarter, compared to the consensus estimate of $292.07 million. Monro had a return on equity of 12.10% and a net margin of 6.64%. Monro’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share.
A number of other equities analysts also recently issued reports on the company. BidaskClub downgraded Monro from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded Monro from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. CL King restated a “hold” rating on shares of Monro in a research report on Wednesday, May 22nd. Finally, Guggenheim downgraded Monro from a “buy” rating to a “neutral” rating and set a $82.89 target price on the stock. in a research report on Thursday, April 4th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Monro has an average rating of “Hold” and a consensus price target of $85.96.
MNRO stock traded up $1.68 during mid-day trading on Thursday, reaching $86.08. 241,692 shares of the company’s stock were exchanged, compared to its average volume of 327,358. The company has a market capitalization of $2.83 billion, a P/E ratio of 36.17, a P/E/G ratio of 2.45 and a beta of 0.76. 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 12-month low of $57.40 and a 12-month high of $89.72.
The company 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. This represents a $0.88 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Monro’s previous quarterly dividend of $0.20. Monro’s dividend payout ratio (DPR) is 36.97%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Enlightenment Research LLC acquired a new stake in shares of Monro in the fourth quarter valued at approximately $34,000. Premia Global Advisors LLC acquired a new stake in shares of Monro in the first quarter valued at approximately $63,000. One Wealth Advisors LLC acquired a new stake in shares of Monro in the first quarter valued at approximately $96,000. Strs Ohio acquired a new stake in shares of Monro in the fourth quarter valued at approximately $123,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Monro by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the auto parts company’s stock valued at $128,000 after purchasing an additional 273 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.