Q1 2018 Earnings Estimate for Monro Muffler Brake Inc (MNRO) Issued By Northcoast Research

Monro Muffler Brake Inc (NASDAQ:MNRO) – Research analysts at Northcoast Research decreased their Q1 2018 earnings per share (EPS) estimates for Monro Muffler Brake in a report issued on Monday. Northcoast Research analyst N. Mitchell now forecasts that the auto parts company will post earnings of $0.56 per share for the quarter, down from their prior estimate of $0.58. Northcoast Research also issued estimates for Monro Muffler Brake’s FY2018 earnings at $2.28 EPS.

Other equities analysts have also recently issued research reports about the stock. Oppenheimer Holdings Inc. set a $70.00 price objective on shares of Monro Muffler Brake and gave the company a “buy” rating in a research note on Thursday, May 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price objective on shares of Monro Muffler Brake in a research note on Monday, May 15th. Zacks Investment Research raised shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Tuesday, April 4th. CIBC reaffirmed a “buy” rating on shares of Monro Muffler Brake in a research note on Monday, April 17th. Finally, Gabelli raised shares of Monro Muffler Brake from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Tuesday, January 31st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $66.25.

Earnings History and Estimates for Monro Muffler Brake (NASDAQ:MNRO)

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Monro Muffler Brake (NASDAQ:MNRO) traded up 0.93% during midday trading on Tuesday, reaching $48.85. 63,301 shares of the company traded hands. The company has a 50 day moving average of $51.84 and a 200-day moving average of $55.57. The stock has a market capitalization of $1.63 billion, a P/E ratio of 26.43 and a beta of 0.85. Monro Muffler Brake has a 12-month low of $48.10 and a 12-month high of $70.78.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Thursday, May 18th. The auto parts company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $252.01 million for the quarter, compared to analysts’ expectations of $254.38 million. Monro Muffler Brake had a net margin of 6.56% and a return on equity of 11.83%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS.

Large investors have recently made changes to their positions in the stock. Forward Management LLC raised its stake in shares of Monro Muffler Brake by 6.8% in the first quarter. Forward Management LLC now owns 2,431 shares of the auto parts company’s stock valued at $127,000 after buying an additional 154 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Monro Muffler Brake by 32.2% in the first quarter. Victory Capital Management Inc. now owns 2,560 shares of the auto parts company’s stock valued at $133,000 after buying an additional 623 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Monro Muffler Brake during the first quarter valued at about $141,000. Pacad Investment Ltd. bought a new stake in shares of Monro Muffler Brake during the fourth quarter valued at about $206,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Monro Muffler Brake by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 3,610 shares of the auto parts company’s stock valued at $188,000 after buying an additional 120 shares during the last quarter.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Friday, June 2nd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This is a positive change from Monro Muffler Brake’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.49%. Monro Muffler Brake’s payout ratio is presently 34.34%.

Monro Muffler Brake Company Profile

Monro Muffler Brake, Inc is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

12 Month Chart for NASDAQ:MNRO

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