Q1 2018 Earnings Estimate for Monro Muffler Brake Inc (MNRO) Issued By Oppenheimer Holdings

Monro Muffler Brake Inc (NASDAQ:MNRO) – Equities researchers at Oppenheimer Holdings decreased their Q1 2018 earnings estimates for Monro Muffler Brake in a report released on Thursday. Oppenheimer Holdings analyst B. Nagel now expects that the auto parts company will earn $0.52 per share for the quarter, down from their prior forecast of $0.59. Oppenheimer Holdings currently has a “Buy” rating and a $70.00 target price on the stock. Oppenheimer Holdings also issued estimates for Monro Muffler Brake’s Q2 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.52 EPS, FY2018 earnings at $2.22 EPS and FY2019 earnings at $2.42 EPS.

A number of other equities research analysts also recently issued reports on MNRO. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price target on shares of Monro Muffler Brake in a research note on Monday, May 15th. Gabelli raised shares of Monro Muffler Brake from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Tuesday, January 31st. CIBC reaffirmed a “buy” rating on shares of Monro Muffler Brake in a research note on Monday, April 17th. Finally, Zacks Investment Research raised shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Tuesday, April 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $68.00.

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

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Monro Muffler Brake (NASDAQ:MNRO) opened at 50.35 on Friday. The stock’s 50 day moving average is $51.99 and its 200-day moving average is $55.65. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 27.25 and a beta of 0.85. Monro Muffler Brake has a 12 month low of $48.85 and a 12 month high of $70.78.

Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Thursday, May 18th. The auto parts company reported $0.29 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.29. The business had revenue of $252.01 million for the quarter, compared to analyst estimates of $254.38 million. Monro Muffler Brake had a net margin of 6.56% and a return on equity of 11.83%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share.

A number of large investors have recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS increased its stake in shares of Monro Muffler Brake by 14.4% in the third quarter. Kornitzer Capital Management Inc. KS now owns 225,330 shares of the auto parts company’s stock worth $13,783,000 after buying an additional 28,345 shares in the last quarter. BlackRock Advisors LLC increased its stake in shares of Monro Muffler Brake by 10.3% in the third quarter. BlackRock Advisors LLC now owns 16,343 shares of the auto parts company’s stock worth $1,000,000 after buying an additional 1,521 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Monro Muffler Brake by 0.5% in the third quarter. Teachers Advisors LLC now owns 50,513 shares of the auto parts company’s stock worth $3,090,000 after buying an additional 248 shares in the last quarter. BlackRock Group LTD increased its stake in shares of Monro Muffler Brake by 2.5% in the third quarter. BlackRock Group LTD now owns 46,275 shares of the auto parts company’s stock worth $2,831,000 after buying an additional 1,136 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Monro Muffler Brake by 4.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 811,349 shares of the auto parts company’s stock worth $49,630,000 after buying an additional 34,329 shares in the last quarter.

In related news, insider Joseph Tomarchio, Jr. sold 11,250 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $57.60, for a total transaction of $648,000.00. Following the sale, the insider now directly owns 26,250 shares of the company’s stock, valued at approximately $1,512,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.70% of the stock is owned by corporate insiders.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Friday, June 2nd will be paid a dividend of $0.18 per share. This is an increase from Monro Muffler Brake’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, May 31st. Monro Muffler Brake’s dividend payout ratio is presently 34.34%.

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.

12 Month Chart for NASDAQ:MNRO

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