Monro (NASDAQ:MNRO) Issues Earnings Results, Misses Estimates By $0.08 EPS

Monro (NASDAQ:MNRO) announced its quarterly earnings results on Wednesday. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08), Briefing.com reports. Monro had a net margin of 2.78% and a return on equity of 5.90%. The firm had revenue of $301.39 million during the quarter, compared to the consensus estimate of $300.06 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis.

Monro Price Performance

NASDAQ MNRO traded down $0.24 during trading on Thursday, reaching $27.49. The company’s stock had a trading volume of 105,437 shares, compared to its average volume of 521,217. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.59 and a quick ratio of 0.25. The firm has a fifty day moving average of $27.08 and a 200 day moving average of $26.12. The stock has a market capitalization of $822.53 million, a PE ratio of 23.50, a P/E/G ratio of 1.82 and a beta of 1.11. Monro has a one year low of $21.00 and a one year high of $33.98.

Monro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $1.12 annualized dividend and a dividend yield of 4.07%. Monro’s payout ratio is 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 price target on the stock.

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.