Monro (MNRO) Set to Announce Earnings on Wednesday

Monro (NASDAQ:MNRO) will be posting its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Monro to post earnings of $0.25 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Monro (NASDAQ:MNRO) last posted its earnings results on Wednesday, July 31st. The auto parts company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.21. Monro had a net margin of 2.78% and a return on equity of 5.90%. The company had revenue of $293.20 million during the quarter, compared to analyst estimates of $293.70 million. During the same period in the prior year, the business posted $0.31 earnings per share. Monro’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, analysts expect Monro to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Monro Stock Down 0.8 %

Shares of NASDAQ:MNRO opened at $27.32 on Wednesday. The stock’s 50-day moving average is $26.99 and its 200 day moving average is $26.22. The company has a market cap of $817.44 million, a PE ratio of 23.15, a P/E/G ratio of 1.83 and a beta of 1.11. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.59 and a quick ratio of 0.25. Monro has a 1 year low of $21.00 and a 1 year high of $33.98.

Monro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $1.12 annualized dividend and a dividend yield of 4.10%. Monro’s dividend payout ratio (DPR) is presently 94.92%.

Analysts Set New Price Targets

Separately, Stephens began coverage on shares of Monro in a report on Tuesday, October 15th. They issued an “equal weight” rating and a $31.00 price target on the stock.

About Monro

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.