Monro (NASDAQ:MNRO) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Monro (NASDAQ:MNRO) released its quarterly earnings data on Wednesday. The auto parts company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08), Briefing.com reports. Monro had a return on equity of 5.90% and a net margin of 2.78%. The company had revenue of $301.39 million for the quarter, compared to analyst estimates of $300.06 million. During the same period last year, the firm posted $0.41 EPS. The business’s quarterly revenue was down 6.4% on a year-over-year basis.

Monro Trading Down 0.8 %

Shares of Monro stock traded down $0.23 on Thursday, reaching $27.50. The company had a trading volume of 216,472 shares, compared to its average volume of 521,743. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.25 and a current ratio of 0.59. The firm’s 50 day moving average price is $27.08 and its two-hundred day moving average price is $26.12. Monro has a 52-week low of $21.00 and a 52-week high of $33.98. The firm has a market cap of $822.83 million, a PE ratio of 23.30, a PEG ratio of 1.82 and a beta of 1.11.

Monro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Tuesday, August 27th. Monro’s payout ratio is 94.92%.

Analyst Upgrades and Downgrades

Separately, Stephens began coverage on shares of Monro in a research note on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 target price on the stock.

About Monro

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