Monro (NASDAQ:MNRO) Posts Earnings Results, Beats Estimates By $0.02 EPS

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Monro (NASDAQ:MNRO) posted its quarterly earnings data on Thursday. The auto parts company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.02, Briefing.com reports. The company had revenue of $317.10 million for the quarter, compared to analyst estimates of $320.60 million. Monro had a return on equity of 12.10% and a net margin of 6.64%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 earnings per share. Monro updated its FY20 guidance to $2.55-2.75 EPS.

Shares of Monro stock traded down $1.04 during trading on Friday, hitting $81.95. 4,694 shares of the stock traded hands, compared to its average volume of 354,940. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.32 and a current ratio of 1.10. The company has a market capitalization of $2.73 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 2.38 and a beta of 0.78. The business has a fifty day simple moving average of $84.54. Monro has a 52 week low of $60.78 and a 52 week high of $89.72.

Institutional investors have recently made changes to their positions in the company. Advisor Group Inc. boosted its stake in shares of Monro by 8.9% during the fourth quarter. Advisor Group Inc. now owns 4,164 shares of the auto parts company’s stock valued at $287,000 after purchasing an additional 340 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Monro by 2.3% during the fourth quarter. California State Teachers Retirement System now owns 49,842 shares of the auto parts company’s stock valued at $3,427,000 after purchasing an additional 1,109 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Monro by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 392,705 shares of the auto parts company’s stock valued at $26,998,000 after purchasing an additional 21,499 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Monro by 4.3% in the fourth quarter. Principal Financial Group Inc. now owns 281,754 shares of the auto parts company’s stock worth $19,370,000 after acquiring an additional 11,580 shares during the period. Finally, Two Sigma Investments LP acquired a new position in shares of Monro in the fourth quarter worth approximately $3,988,000.

MNRO has been the topic of a number of recent analyst reports. CIBC reaffirmed a “market perform” rating on shares of Monro in a research note on Thursday, July 11th. BidaskClub upgraded Xilinx from a “hold” rating to a “buy” rating in a report on Wednesday. SunTrust Banks restated a “buy” rating and set a $20.00 price objective on shares of ANGI Homeservices in a report on Wednesday, May 22nd. Oppenheimer set a $13.00 price objective on ArQule and gave the company a “buy” rating in a report on Thursday, July 11th. Finally, CL King restated a “hold” rating on shares of Monro in a report on Wednesday, May 22nd. Eight analysts have rated the stock with a hold rating, Monro has an average rating of “Hold” and a consensus price target of $85.97.

About Monro

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.

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Earnings History for Monro (NASDAQ:MNRO)

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