FY2018 EPS Estimates for Monro Muffler Brake, Inc. Cut by Analyst (NASDAQ:MNRO)

Monro Muffler Brake, Inc. (NASDAQ:MNRO) – Analysts at Gabelli cut their FY2018 EPS estimates for shares of Monro Muffler Brake in a research report issued on Friday. Gabelli analyst C. Jolly now expects that the auto parts company will post earnings of $2.05 per share for the year, down from their prior forecast of $2.10. Gabelli also issued estimates for Monro Muffler Brake’s FY2019 earnings at $2.40 EPS.

Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Thursday, July 20th. The auto parts company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The business had revenue of $278.50 million during the quarter, compared to analyst estimates of $270.85 million. During the same period in the previous year, the company posted $0.50 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year.

COPYRIGHT VIOLATION NOTICE: This article was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://stocknewstimes.com/2017/08/12/fy2018-eps-estimates-for-monro-muffler-brake-inc-cut-by-analyst-nasdaqmnro-updated-updated.html.

A number of other equities analysts also recently weighed in on the stock. BidaskClub raised shares of Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $51.00 target price (down previously from $54.00) on shares of Monro Muffler Brake in a research note on Saturday. Stephens downgraded shares of Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 29th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Monro Muffler Brake in a research note on Wednesday, June 28th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $61.00 target price on shares of Monro Muffler Brake in a research note on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Monro Muffler Brake presently has a consensus rating of “Hold” and an average price target of $63.33.

Shares of Monro Muffler Brake (NASDAQ:MNRO) remained flat at $46.35 during mid-day trading on Monday. The company had a trading volume of 339,789 shares. The stock has a market cap of $1.54 billion, a P/E ratio of 24.68 and a beta of 0.70. The firm’s 50 day moving average price is $44.56 and its 200-day moving average price is $51.93. Monro Muffler Brake has a 1-year low of $39.65 and a 1-year high of $66.48.

Several large investors have recently made changes to their positions in MNRO. Norges Bank purchased a new stake in shares of Monro Muffler Brake during the fourth quarter valued at $11,722,000. Comerica Bank increased its stake in shares of Monro Muffler Brake by 6.6% in the first quarter. Comerica Bank now owns 36,950 shares of the auto parts company’s stock valued at $1,971,000 after buying an additional 2,298 shares during the period. Legal & General Group Plc increased its stake in shares of Monro Muffler Brake by 2.6% in the first quarter. Legal & General Group Plc now owns 57,925 shares of the auto parts company’s stock valued at $3,018,000 after buying an additional 1,457 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Monro Muffler Brake by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 594,199 shares of the auto parts company’s stock valued at $30,959,000 after buying an additional 20,663 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Monro Muffler Brake by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 4,470 shares of the auto parts company’s stock valued at $233,000 after buying an additional 70 shares during the period.

About Monro Muffler Brake

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.

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

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.

Latest News

Leave a Reply