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

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

Monro Price Performance

Shares of NASDAQ:MNRO traded down $0.24 during midday trading on Thursday, reaching $27.49. The company’s stock had a trading volume of 105,437 shares, compared to its average volume of 521,217. The business’s fifty day simple moving average is $27.08 and its 200-day simple moving average is $26.12. The company has a market capitalization of $822.53 million, a P/E ratio of 23.50, a P/E/G ratio of 1.82 and a beta of 1.11. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.59 and a quick ratio of 0.25. Monro has a fifty-two week low of $21.00 and a fifty-two week high of $33.98.

Monro Dividend Announcement

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

Analyst Ratings Changes

Separately, Stephens began coverage on shares of Monro in a report on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 price objective for the company.

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.