Monro (MNRO) Updates FY20 Earnings Guidance

Monro (NASDAQ:MNRO) updated its FY20 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.55-2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.67. The company issued revenue guidance of $1.295-1.325 billion, compared to the consensus revenue estimate of $1.29 billion.Monro also updated its FY 2020 guidance to $2.55-2.75 EPS.

Several research firms have commented on MNRO. SunTrust Banks upped their price objective on Monro to $85.00 and gave the stock a hold rating in a research report on Wednesday. They noted that the move was a valuation call. BidaskClub lowered Monro from a buy rating to a hold rating in a research report on Thursday, March 21st. Zacks Investment Research lowered Monro from a buy rating to a hold rating in a research report on Thursday, April 11th. Finally, Guggenheim lowered Monro from a buy rating to a neutral rating and set a $82.89 price objective on the stock. in a research report on Thursday, April 4th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $85.96.

Monro stock opened at $84.52 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 1.10. Monro has a 12 month low of $51.95 and a 12 month high of $89.72. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 2.53 and a beta of 0.75.

Monro (NASDAQ:MNRO) last released its quarterly earnings data on Tuesday, May 21st. The auto parts company reported $0.51 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. Monro had a return on equity of 12.10% and a net margin of 6.64%. The business had revenue of $287.20 million for the quarter, compared to analyst estimates of $292.07 million. During the same quarter in the prior year, the firm posted $0.52 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts expect that Monro will post 2.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.22 per share. This is a positive change from Monro’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.04%. Monro’s dividend payout ratio (DPR) is 33.61%.

In other news, Director Donald Glickman sold 10,000 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $78.16, for a total transaction of $781,600.00. Following the transaction, the director now owns 181,078 shares in the company, valued at approximately $14,153,056.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.60% of the company’s stock.

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Monro Company Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.

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Earnings History and Estimates for Monro (NASDAQ:MNRO)

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