Research Analysts Set Expectations for Monro Inc’s Q1 2020 Earnings (MNRO)

Monro Inc (NASDAQ:MNRO) – Investment analysts at Northcoast Research issued their Q1 2020 earnings per share (EPS) estimates for Monro in a research note issued to investors on Tuesday, May 14th, according to Zacks Investment Research. Northcoast Research analyst J. Healy forecasts that the auto parts company will post earnings of $0.68 per share for the quarter. Northcoast Research also issued estimates for Monro’s Q2 2020 earnings at $0.75 EPS, Q3 2020 earnings at $0.68 EPS, Q4 2020 earnings at $0.62 EPS and FY2020 earnings at $2.73 EPS.

Monro (NASDAQ:MNRO) last announced its quarterly earnings data 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. The business had revenue of $287.20 million for the quarter, compared to the consensus estimate of $292.07 million. Monro had a net margin of 6.64% and a return on equity of 12.10%. Monro’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Monro from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Guggenheim cut Monro from a “buy” rating to a “neutral” rating and set a $82.89 price objective for the company. in a report on Thursday, April 4th. They noted that the move was a valuation call. BidaskClub cut Monro from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. SunTrust Banks lifted their price objective on Monro to $85.00 and gave the company a “hold” rating in a report on Wednesday, May 22nd. They noted that the move was a valuation call. Finally, CL King reissued a “hold” rating on shares of Monro in a report on Wednesday, May 22nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $85.96.

MNRO traded up $1.75 during trading on Wednesday, reaching $88.55. 310,209 shares of the company’s stock were exchanged, compared to its average volume of 329,823. Monro has a fifty-two week low of $57.25 and a fifty-two week high of $89.72. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.32. The company has a market capitalization of $2.82 billion, a P/E ratio of 37.21, a P/E/G ratio of 2.44 and a beta of 0.76.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.22 per share. This is a boost from Monro’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, May 31st. Monro’s payout ratio is currently 36.97%.

A number of large investors have recently made changes to their positions in MNRO. Thrivent Financial for Lutherans grew its position in shares of Monro by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 23,579 shares of the auto parts company’s stock worth $1,621,000 after buying an additional 518 shares during the period. Metropolitan Life Insurance Co. NY grew its position in shares of Monro by 371.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,496 shares of the auto parts company’s stock worth $722,000 after buying an additional 8,268 shares during the period. State of Alaska Department of Revenue grew its position in shares of Monro by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 11,031 shares of the auto parts company’s stock worth $758,000 after buying an additional 210 shares during the period. Arizona State Retirement System grew its position in shares of Monro by 6.5% during the 4th quarter. Arizona State Retirement System now owns 50,800 shares of the auto parts company’s stock worth $3,493,000 after buying an additional 3,094 shares during the period. Finally, Summit Creek Advisors LLC grew its position in shares of Monro by 18.1% during the 1st quarter. Summit Creek Advisors LLC now owns 204,951 shares of the auto parts company’s stock worth $17,732,000 after buying an additional 31,460 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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Earnings History and Estimates for Monro (NASDAQ:MNRO)

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