Monro (NASDAQ:MNRO) Releases FY20 Earnings Guidance

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Monro (NASDAQ:MNRO) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.45-2.55 for the period, compared to the Thomson Reuters consensus estimate of $2.64. The company issued revenue guidance of $1.295-1.315 billion, compared to the consensus revenue estimate of $1.30 billion.

Shares of MNRO traded down $0.30 on Friday, reaching $68.55. The company’s stock had a trading volume of 677,700 shares, compared to its average volume of 279,569. The stock’s 50 day simple moving average is $77.27 and its two-hundred day simple moving average is $81.13. Monro has a 12-month low of $60.78 and a 12-month high of $89.72. The stock has a market capitalization of $2.29 billion, a P/E ratio of 28.80, a PEG ratio of 2.12 and a beta of 0.78. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.95 and a quick ratio of 0.28.

Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.11). Monro had a return on equity of 11.41% and a net margin of 6.48%. The business had revenue of $324.11 million during the quarter, compared to the consensus estimate of $330.07 million. During the same quarter in the prior year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Monro will post 2.5 earnings per share for the current year.

Several brokerages recently weighed in on MNRO. CIBC restated a market perform rating on shares of Monro in a research report on Thursday, July 11th. SunTrust Banks reduced their price target on shares of Monro to $75.00 and set a positive rating on the stock in a research report on Friday. Zacks Investment Research cut shares of Monro from a buy rating to a hold rating in a research report on Wednesday. BMO Capital Markets reduced their price target on shares of Monro from $90.00 to $78.00 and set a market perform rating on the stock in a research report on Friday. Finally, BidaskClub upgraded shares of Monro from a hold rating to a buy rating in a research report on Saturday, October 19th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Monro currently has an average rating of Hold and an average price target of $81.98.

In other Monro news, insider Maureen Mulholland sold 500 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $84.40, for a total transaction of $42,200.00. Following the transaction, the insider now owns 574 shares in the company, valued at $48,445.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donald Glickman sold 7,500 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $85.23, for a total transaction of $639,225.00. Following the transaction, the director now owns 181,078 shares in the company, valued at approximately $15,433,277.94. The disclosure for this sale can be found here. Insiders sold 13,500 shares of company stock worth $1,152,285 in the last 90 days. 4.40% of the stock is currently owned by company insiders.

Monro Company Profile

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 and Estimates for Monro (NASDAQ:MNRO)

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