Monro (MNRO) Projected to Post Quarterly Earnings on Wednesday

Monro (NASDAQ:MNRO) is projected to issue its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.31 per share and revenue of $310,780.00 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Monro (NASDAQ:MNRO) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.08). Monro had a return on equity of 4.77% and a net margin of 2.24%. The business had revenue of $301.39 million for the quarter, compared to analysts’ expectations of $300.06 million. During the same period last year, the business earned $0.41 EPS. The company’s revenue for the quarter was down 6.4% 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 Price Performance

NASDAQ:MNRO opened at $21.64 on Monday. The firm’s fifty day moving average is $25.92 and its two-hundred day moving average is $26.32. The firm has a market cap of $648.10 million, a price-to-earnings ratio of 24.87, a PEG ratio of 1.75 and a beta of 1.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.21 and a current ratio of 0.53. Monro has a one year low of $21.00 and a one year high of $33.98.

Monro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 5.18%. The ex-dividend date was Tuesday, December 3rd. Monro’s dividend payout ratio (DPR) is 128.74%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MNRO shares. Stephens initiated coverage on Monro in a research report on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 price target on the stock. Wedbush reiterated an “outperform” rating and set a $31.00 target price on shares of Monro in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company cut their price target on shares of Monro from $30.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, January 6th.

Monro Company Profile

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.