Monro Muffler Brake (MNRO) Given News Sentiment Rating of 0.17
Media stories about Monro Muffler Brake (NASDAQ:MNRO) have trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Monro Muffler Brake earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the auto parts company an impact score of 47.6506046506497 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Monro Muffler Brake (NASDAQ:MNRO) traded up 1.40% during mid-day trading on Wednesday, reaching $46.95. The company had a trading volume of 43,622 shares. The firm has a market capitalization of $1.54 billion, a P/E ratio of 25.00 and a beta of 0.71. The firm’s 50-day moving average is $45.04 and its 200-day moving average is $50.03. Monro Muffler Brake has a one year low of $39.65 and a one year high of $62.07.
Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Thursday, July 20th. The auto parts company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $278.50 million during the quarter, compared to analysts’ expectations of $270.85 million. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. On average, equities research analysts anticipate that Monro Muffler Brake will post $2.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Monday, August 28th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, August 24th. This is a boost from Monro Muffler Brake’s previous quarterly dividend of $0.11. Monro Muffler Brake’s dividend payout ratio (DPR) is presently 38.30%.
A number of analysts have recently commented on MNRO shares. TheStreet cut Monro Muffler Brake from a “b-” rating to a “c+” rating in a research note on Tuesday, May 23rd. BidaskClub cut Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $51.00 price target (down from $54.00) on shares of Monro Muffler Brake in a research note on Saturday, July 22nd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Monro Muffler Brake in a research note on Tuesday, June 20th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of Monro Muffler Brake in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $63.33.
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In other news, President Brett Ponton bought 5,193 shares of the stock in a transaction dated Monday, August 7th. The stock was bought at an average price of $47.93 per share, for a total transaction of $248,900.49. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Craig L. Hoyle sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $48.02, for a total value of $96,040.00. Following the completion of the transaction, the vice president now owns 58,000 shares of the company’s stock, valued at approximately $2,785,160. The disclosure for this sale can be found here. In the last 90 days, insiders bought 6,893 shares of company stock valued at $328,155 and sold 244,064 shares valued at $11,438,709. Company insiders own 6.20% of the company’s stock.
Monro Muffler Brake Company Profile
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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