Monro (MNRO) Set to Announce Quarterly Earnings on Wednesday

Monro (NASDAQ:MNRO) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect Monro to post earnings of $0.25 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

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

Monro Trading Up 1.3 %

MNRO opened at $27.86 on Tuesday. The firm’s fifty day simple moving average is $27.06 and its 200 day simple moving average is $26.15. The stock has a market capitalization of $833.60 million, a P/E ratio of 23.61, a P/E/G ratio of 1.82 and a beta of 1.11. 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 has a 12 month low of $21.00 and a 12 month high of $33.98.

Monro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, August 27th. This represents a $1.12 annualized dividend and a dividend yield of 4.02%. Monro’s dividend payout ratio is currently 94.92%.

Wall Street Analysts Forecast Growth

Separately, Stephens started coverage on Monro in a research report on Tuesday, October 15th. They issued an “equal weight” rating and a $31.00 target price 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.