Monro (NASDAQ:MNRO) Releases Earnings Results, Misses Estimates By $0.08 EPS

Monro (NASDAQ:MNRO) announced its quarterly earnings results on Wednesday. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08), Briefing.com reports. Monro had a net margin of 2.78% and a return on equity of 5.90%. The firm had revenue of $301.39 million during the quarter, compared to the consensus estimate of $300.06 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis.

Monro Trading Down 0.8 %

NASDAQ MNRO traded down $0.23 on Thursday, reaching $27.50. The company had a trading volume of 217,908 shares, compared to its average volume of 521,667. The firm has a market cap of $822.83 million, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.82 and a beta of 1.11. Monro has a fifty-two week low of $21.00 and a fifty-two week high of $33.98. The business has a 50 day moving average of $27.08 and a two-hundred day moving average of $26.12. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $1.12 dividend on an annualized basis and a yield of 4.07%. Monro’s payout ratio is 94.92%.

Analysts Set New Price Targets

Separately, Stephens started coverage on Monro in a research note on Tuesday, October 15th. They issued an “equal weight” rating and a $31.00 price target for the company.

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.