Monro (MNRO) Scheduled to Post Quarterly Earnings on Wednesday

Monro (NASDAQ:MNRO) is set to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Monro (NASDAQ:MNRO) last released its earnings results on Wednesday, July 31st. The auto parts company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.21. Monro had a net margin of 2.78% and a return on equity of 5.90%. The business had revenue of $293.20 million during the quarter, compared to analysts’ expectations of $293.70 million. During the same period last year, the business earned $0.31 earnings per share. The firm’s revenue was down 10.3% on a year-over-year basis. On average, analysts expect Monro to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Monro Stock Performance

NASDAQ MNRO opened at $27.86 on Tuesday. Monro has a 1 year low of $21.00 and a 1 year high of $33.98. The firm has a market capitalization of $833.60 million, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 1.82 and a beta of 1.11. The firm’s fifty day moving average price is $27.06 and its two-hundred day moving average price is $26.15. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 0.55.

Monro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were given 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 dividend yield of 4.02%. Monro’s payout ratio is 94.92%.

Analyst Upgrades and Downgrades

Separately, Stephens began coverage on shares of Monro in a research report on Tuesday, October 15th. They issued an “equal weight” rating and a $31.00 price objective on the stock.

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.