Q2 2018 Earnings Estimate for Monro Muffler Brake, Inc. Issued By KeyCorp (NASDAQ:MNRO)

Monro Muffler Brake, Inc. (NASDAQ:MNRO) – Equities research analysts at KeyCorp upped their Q2 2018 earnings per share (EPS) estimates for Monro Muffler Brake in a note issued to investors on Thursday. KeyCorp analyst B. Hoselton now anticipates that the auto parts company will earn $0.53 per share for the quarter, up from their previous estimate of $0.50. KeyCorp also issued estimates for Monro Muffler Brake’s Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.44 EPS and FY2018 earnings at $2.12 EPS.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, July 20th. 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. 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 the consensus estimate of $270.85 million. During the same period in the prior year, the company posted $0.50 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year.

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A number of other analysts have also recently commented on MNRO. UBS AG cut Monro Muffler Brake from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. BidaskClub upgraded Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $61.00 price objective on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $51.00 price objective (down from $54.00) on shares of Monro Muffler Brake in a research report on Saturday. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Monro Muffler Brake in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $63.33.

Monro Muffler Brake (NASDAQ:MNRO) traded up 0.11% on Monday, hitting $46.40. The stock had a trading volume of 306,445 shares. Monro Muffler Brake has a 12 month low of $39.65 and a 12 month high of $66.48. The company has a market cap of $1.54 billion, a PE ratio of 24.71 and a beta of 0.70. The company has a 50-day moving average of $44.56 and a 200 day moving average of $51.93.

Hedge funds have recently modified their holdings of the company. Glen Harbor Capital Management LLC boosted its stake in shares of Monro Muffler Brake by 17.7% in the first quarter. Glen Harbor Capital Management LLC now owns 40,112 shares of the auto parts company’s stock valued at $2,090,000 after buying an additional 6,032 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of Monro Muffler Brake by 1,336.8% in the first quarter. Independent Portfolio Consultants Inc. now owns 4,095 shares of the auto parts company’s stock valued at $213,000 after buying an additional 3,810 shares during the last quarter. UMB Bank N A MO boosted its stake in shares of Monro Muffler Brake by 17.5% in the first quarter. UMB Bank N A MO now owns 6,700 shares of the auto parts company’s stock valued at $349,000 after buying an additional 1,000 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Monro Muffler Brake by 5.3% in the first quarter. Nationwide Fund Advisors now owns 182,067 shares of the auto parts company’s stock valued at $9,486,000 after buying an additional 9,123 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted 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.

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.

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

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