Monro (NASDAQ:MNRO) Releases Earnings Results, Misses Estimates By $0.12 EPS

Monro (NASDAQ:MNRO) announced its quarterly earnings results on Wednesday. The auto parts company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.12), Zacks reports. Monro had a return on equity of 4.77% and a net margin of 2.24%.

Monro Price Performance

Shares of MNRO opened at $20.31 on Thursday. The company has a market capitalization of $608.28 million, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 1.73 and a beta of 1.11. Monro has a fifty-two week low of $19.39 and a fifty-two week high of $33.98. The firm has a 50-day simple moving average of $24.88 and a 200-day simple moving average of $26.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.21 and a current ratio of 0.53.

Monro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a $0.28 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.51%. Monro’s payout ratio is 128.74%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MNRO. Wells Fargo & Company dropped their price objective on Monro from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday. Stephens initiated coverage on Monro in a research note on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 price target on the stock. Finally, Wedbush reiterated an “outperform” rating and issued a $31.00 price objective on shares of Monro in a research note on Wednesday, December 18th.

About Monro

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.