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

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

Monro Trading Down 9.0 %

Shares of MNRO stock traded down $1.98 on Wednesday, hitting $20.03. The company had a trading volume of 342,999 shares, compared to its average volume of 583,942. Monro has a twelve month low of $19.56 and a twelve month high of $33.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.21 and a current ratio of 0.53. The firm has a market cap of $599.81 million, a P/E ratio of 22.54, a P/E/G ratio of 1.73 and a beta of 1.11. The stock’s 50-day moving average is $24.88 and its two-hundred day moving average is $26.29.

Monro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors 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 yield of 5.59%. Monro’s payout ratio is 128.74%.

Analysts Set New Price Targets

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

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.