Monro (NASDAQ:MNRO) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Monro (NASDAQ:MNRO) issued its quarterly earnings results on Wednesday. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12), Zacks reports. Monro had a return on equity of 4.77% and a net margin of 2.24%.

Monro Price Performance

MNRO stock opened at $20.31 on Thursday. The firm has a 50 day moving average of $24.88 and a 200-day moving average of $26.29. The company has a market cap of $608.28 million, a price-to-earnings ratio of 23.34, a PEG ratio of 1.73 and a beta of 1.11. The company has a current ratio of 0.53, a quick ratio of 0.21 and a debt-to-equity ratio of 0.47. Monro has a 12-month low of $19.39 and a 12-month high of $33.98.

Monro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 5.51%. Monro’s dividend payout ratio (DPR) is presently 128.74%.

Analyst Ratings Changes

MNRO has been the topic of a number of analyst reports. Wells Fargo & Company lowered their price objective on Monro from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday. Wedbush restated an “outperform” rating and issued a $31.00 price target on shares of Monro in a research note on Wednesday, December 18th. Finally, Stephens assumed coverage on Monro in a research report on Tuesday, October 15th. They issued an “equal weight” rating and a $31.00 price objective for the company.

About Monro

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.