Monro Muffler Brake, Inc. (NASDAQ:MNRO) – Analysts at Jefferies Group reduced their FY2018 earnings per share estimates for Monro Muffler Brake in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. Jefferies Group analyst B. Jordan now forecasts that the auto parts company will post earnings of $2.05 per share for the year, down from their prior estimate of $2.19. Jefferies Group currently has a “Hold” rating on the stock.
Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The business had revenue of $278.02 million during the quarter, compared to analysts’ expectations of $277.06 million. Monro Muffler Brake had a return on equity of 10.82% and a net margin of 5.66%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. COPYRIGHT VIOLATION WARNING: This article was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://ledgergazette.com/2017/11/13/brokers-offer-predictions-for-monro-muffler-brake-inc-s-fy2018-earnings-mnro.html.
Several other equities analysts have also recently weighed in on MNRO. Oppenheimer Holdings, Inc. set a $70.00 price objective on Monro Muffler Brake and gave the company a “buy” rating in a report on Tuesday, October 24th. BidaskClub upgraded Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th. KeyCorp reiterated a “hold” rating on shares of Monro Muffler Brake in a research note on Tuesday, October 24th. Zacks Investment Research lowered Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Finally, TheStreet upgraded Monro Muffler Brake from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Monro Muffler Brake currently has a consensus rating of “Hold” and a consensus price target of $63.33.
Monro Muffler Brake (NASDAQ:MNRO) opened at $48.15 on Thursday. The firm has a market capitalization of $1,577.97, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 1.77 and a beta of 0.68. The company has a quick ratio of 0.28, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. Monro Muffler Brake has a fifty-two week low of $39.65 and a fifty-two week high of $61.75.
A number of hedge funds have recently bought and sold shares of MNRO. Forward Management LLC raised its stake in Monro Muffler Brake by 9.5% during the 2nd quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock worth $111,000 after buying an additional 231 shares during the period. Victory Capital Management Inc. raised its stake in Monro Muffler Brake by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock worth $126,000 after buying an additional 452 shares during the period. Capital Analysts LLC raised its stake in Monro Muffler Brake by 18.5% during the 2nd quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock worth $178,000 after buying an additional 665 shares during the period. Stephens Inc. AR increased its holdings in Monro Muffler Brake by 0.9% during the 2nd quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after purchasing an additional 45 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in Monro Muffler Brake during the 1st quarter worth approximately $221,000.
Monro Muffler Brake Company Profile
Monro, Inc, formerly 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Monro Muffler Brake Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake Inc. and related companies with MarketBeat.com's FREE daily email newsletter.