Monro Inc (MNRO) to Post Q1 2019 Earnings of $0.68 Per Share, Oppenheimer Forecasts
Monro Inc (NASDAQ:MNRO) – Equities research analysts at Oppenheimer issued their Q1 2019 earnings estimates for shares of Monro in a research report issued to clients and investors on Friday. Oppenheimer analyst B. Nagel anticipates that the auto parts company will post earnings of $0.68 per share for the quarter. Oppenheimer has a “Buy” rating on the stock. Oppenheimer also issued estimates for Monro’s Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.64 EPS and Q4 2019 earnings at $0.52 EPS.
Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $285.70 million for the quarter, compared to analysts’ expectations of $292.94 million. Monro had a return on equity of 10.48% and a net margin of 5.13%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share.
Shares of Monro (NASDAQ:MNRO) traded down $0.05 on Monday, reaching $54.60. The company’s stock had a trading volume of 74,696 shares, compared to its average volume of 324,476. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.33 and a current ratio of 1.06. Monro has a 12-month low of $39.65 and a 12-month high of $64.15. The company has a market capitalization of $1,708.62, a PE ratio of 32.34, a P/E/G ratio of 1.84 and a beta of 0.62.
In other Monro news, Director Stephen C. Mccluski sold 10,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $55.51, for a total value of $555,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc bought a new stake in shares of Monro in the 4th quarter valued at about $232,000. Parametrica Management Ltd bought a new stake in shares of Monro during the 4th quarter valued at about $266,000. Piedmont Investment Advisors LLC bought a new stake in shares of Monro during the 2nd quarter valued at about $295,000. SG Americas Securities LLC bought a new stake in shares of Monro during the 4th quarter valued at about $404,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Monro during the 3rd quarter valued at about $410,000.
Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
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