Analysts predict that Monro Inc (NASDAQ:MNRO) will post $289.53 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Monro’s earnings, with estimates ranging from $285.70 million to $295.60 million. Monro posted sales of $285.58 million in the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The firm is expected to report its next quarterly earnings report before the market opens on Tuesday, May 21st.
On average, analysts expect that Monro will report full year sales of $1.20 billion for the current financial year, with estimates ranging from $1.20 billion to $1.21 billion. For the next financial year, analysts anticipate that the business will report sales of $1.29 billion, with estimates ranging from $1.27 billion to $1.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Monro.
Several equities research analysts have weighed in on MNRO shares. BidaskClub cut Monro from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Zacks Investment Research upgraded Monro from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Tuesday, February 5th. Finally, Guggenheim cut Monro from a “buy” rating to a “neutral” rating and set a $82.89 price objective for the company. in a research note on Thursday, April 4th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Monro presently has an average rating of “Buy” and a consensus price target of $86.45.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Enlightenment Research LLC purchased a new stake in Monro in the fourth quarter valued at about $34,000. Premia Global Advisors LLC purchased a new stake in Monro in the first quarter valued at about $63,000. One Wealth Advisors LLC purchased a new stake in Monro in the first quarter valued at about $96,000. Strs Ohio purchased a new stake in Monro in the fourth quarter valued at about $123,000. Finally, PNC Financial Services Group Inc. raised its stake in Monro by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the auto parts company’s stock valued at $128,000 after buying an additional 273 shares during the last quarter.
Shares of MNRO stock traded up $0.40 during mid-day trading on Tuesday, hitting $81.22. The stock had a trading volume of 8,591 shares, compared to its average volume of 261,651. Monro has a 12-month low of $51.45 and a 12-month high of $89.72. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 39.13, a P/E/G ratio of 2.41 and a beta of 0.75. The company has a current ratio of 1.05, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51.
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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