Wall Street analysts predict that Monro Muffler Brake, Inc. (NASDAQ:MNRO) will post earnings per share of $0.48 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Monro Muffler Brake’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.42. Monro Muffler Brake posted earnings of $0.53 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 9.4%. The firm is expected to announce its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that Monro Muffler Brake will report full year earnings of $2.02 per share for the current financial year, with EPS estimates ranging from $1.95 to $2.07. For the next fiscal year, analysts expect that the business will report earnings of $2.21 per share, with EPS estimates ranging from $2.02 to $2.35. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Monro Muffler Brake.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings data on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.66% and a return on equity of 10.82%. The business had revenue of $278.02 million for the quarter, compared to analysts’ expectations of $277.06 million. During the same quarter last year, the company earned $0.53 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year.

A number of equities analysts recently issued reports on the stock. KeyCorp reiterated a “hold” rating on shares of Monro Muffler Brake in a research report on Tuesday, October 24th. Oppenheimer set a $70.00 target price on shares of Monro Muffler Brake and gave the company a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. TheStreet upgraded shares of Monro Muffler Brake from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Finally, BidaskClub upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $63.33.

Large investors have recently bought and sold shares of the company. Forward Management LLC boosted its position in shares of Monro Muffler Brake by 9.5% during the 2nd quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 231 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Monro Muffler Brake by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock valued at $126,000 after purchasing an additional 452 shares in the last quarter. Capital Analysts LLC boosted its position in shares of Monro Muffler Brake by 18.5% during the 2nd quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock valued at $178,000 after purchasing an additional 665 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Monro Muffler Brake by 0.9% during the 2nd quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock valued at $205,000 after purchasing an additional 45 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Monro Muffler Brake by 29.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,708 shares of the auto parts company’s stock valued at $238,000 after purchasing an additional 1,313 shares in the last quarter.

Shares of Monro Muffler Brake (NASDAQ MNRO) traded down $2.20 on Monday, reaching $51.05. 396,366 shares of the company were exchanged, compared to its average volume of 362,315. The company has a market cap of $1,720.53, a price-to-earnings ratio of 27.34, a PEG ratio of 1.93 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. Monro Muffler Brake has a 12-month low of $39.65 and a 12-month high of $61.10.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Monday, December 11th. This is a positive change from Monro Muffler Brake’s previous quarterly dividend of $0.11. Monro Muffler Brake’s dividend payout ratio is currently 38.50%.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/monro-muffler-brake-inc-mnro-expected-to-announce-earnings-of-0-48-per-share/1764548.html.

About Monro Muffler Brake

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.

Get a free copy of the Zacks research report on Monro Muffler Brake (MNRO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Monro Muffler Brake (NASDAQ:MNRO)

Receive News & Ratings for Monro Muffler Brake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake and related companies with MarketBeat.com's FREE daily email newsletter.