SunTrust Banks Comments on Monro Muffler Brake’s Q4 2018 Earnings (MNRO)

Monro Muffler Brake (NASDAQ:MNRO) – Equities research analysts at SunTrust Banks issued their Q4 2018 earnings per share (EPS) estimates for Monro Muffler Brake in a research report issued to clients and investors on Thursday. SunTrust Banks analyst S. Benjamin forecasts that the auto parts company will post earnings per share of $0.46 for the quarter. SunTrust Banks has a “Hold” rating and a $55.00 price objective on the stock. SunTrust Banks also issued estimates for Monro Muffler Brake’s Q1 2019 earnings at $0.76 EPS, Q2 2019 earnings at $0.74 EPS, Q3 2019 earnings at $0.69 EPS, Q4 2019 earnings at $0.56 EPS, FY2019 earnings at $2.75 EPS and FY2020 earnings at $3.00 EPS.

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A number of other research firms have also recently commented on MNRO. BidaskClub upgraded shares of Monro Muffler Brake from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Zacks Investment Research upgraded shares of Monro Muffler Brake from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Wednesday, January 24th. TheStreet upgraded shares of Monro Muffler Brake from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Jefferies Group restated a “hold” rating on shares of Monro Muffler Brake in a research note on Wednesday, January 31st. Finally, Oppenheimer restated a “buy” rating on shares of Monro Muffler Brake in a research note on Tuesday, January 30th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.14.

Shares of Monro Muffler Brake (NASDAQ MNRO) opened at $51.20 on Monday. Monro Muffler Brake has a one year low of $39.65 and a one year high of $64.15. The company has a market cap of $1,679.10, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. The company has a current ratio of 1.06, a quick ratio of 0.33 and a debt-to-equity ratio of 0.62.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Tuesday, January 30th. The auto parts company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Monro Muffler Brake had a net margin of 5.13% and a return on equity of 10.48%. The company had revenue of $285.70 million for the quarter, compared to analysts’ expectations of $292.94 million. During the same quarter last year, the business earned $0.53 EPS. The firm’s revenue was down .9% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Friday, March 16th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, March 15th. Monro Muffler Brake’s payout ratio is currently 42.60%.

In other news, Director Stephen C. Mccluski sold 10,000 shares of Monro Muffler Brake stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $55.51, for a total transaction of $555,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Maureen Mulholland sold 3,000 shares of Monro Muffler Brake stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $51.00, for a total transaction of $153,000.00. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Donald L. Hagan LLC bought a new stake in shares of Monro Muffler Brake during the fourth quarter valued at approximately $639,000. Wasatch Advisors Inc. raised its position in shares of Monro Muffler Brake by 13.6% during the fourth quarter. Wasatch Advisors Inc. now owns 3,290,061 shares of the auto parts company’s stock valued at $187,369,000 after buying an additional 394,585 shares during the last quarter. Rhumbline Advisers raised its position in shares of Monro Muffler Brake by 7.0% during the third quarter. Rhumbline Advisers now owns 76,941 shares of the auto parts company’s stock valued at $4,313,000 after buying an additional 5,030 shares during the last quarter. Pivot Point Capital Partners LLC raised its position in shares of Monro Muffler Brake by 59.5% during the third quarter. Pivot Point Capital Partners LLC now owns 356,700 shares of the auto parts company’s stock valued at $19,993,000 after buying an additional 133,100 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC raised its position in shares of Monro Muffler Brake by 152.6% during the third quarter. Grandeur Peak Global Advisors LLC now owns 49,000 shares of the auto parts company’s stock valued at $2,746,000 after buying an additional 29,600 shares during the last quarter.

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About Monro Muffler Brake

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.

Earnings History and Estimates for Monro Muffler Brake (NASDAQ:MNRO)

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