The Monro (NASDAQ:MNRO) Posts Quarterly Earnings Results, Misses Estimates By $0.12 EPS
May 29, 2020
Monro (NASDAQ:MNRO) issued its quarterly earnings data on Thursday. The auto parts company reported $0.08 EPS for the quarter, missing
analysts’ consensus estimates of $0.20 by ($0.12), MarketWatch Earnings reports. The company had revenue of $286.10 million for the quarter, compared to analyst estimates of $286.20 million. Monro had a return on equity of 11.13% and a net margin of 6.25%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share.
Monro stock opened at $57.57 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.27. The company’s 50-day moving average is $52.05 and its 200-day moving average is $62.21. The firm has a market capitalization of $2.00 billion, a PE ratio of 24.71, a P/E/G ratio of 2.71 and a beta of 1.14. Monro has a fifty-two week low of $37.09 and a fifty-two week high of $89.62.
MNRO has been the topic of several recent research reports. SunTrust Banks dropped their price target on Monro from $68.00 to $47.00 and set a “hold” rating on the stock in a research note on Friday, April 3rd. Cfra dropped their target price on Monro from $72.00 to $65.00 and set a “hold” rating on the stock in a research report on Thursday, January 30th. BMO Capital Markets reduced their price target on Monro from $71.00 to $41.00 and set a “market perform” rating for the company in a research report on Monday, April 6th. Zacks Investment Research raised shares of Monro from a “sell” rating to a “hold” rating in a research note on Thursday, April 30th. Finally, BidaskClub raised shares of Monro from a “sell” rating to a “hold” rating in a research report on Thursday, April 30th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $69.83.
About Monro
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.