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

Posted by KOP Source Staff on Nov 2nd, 2024

Monro (NASDAQ:MNRO – Get Free Report) released its quarterly earnings results on Wednesday. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08), Briefing.com reports. Monro had a return on equity of 4.76% and a net margin of 2.24%. The company had revenue of $301.39 million during the quarter, compared to analysts’ expectations of $300.06 million. During the same period in the prior year, the firm earned $0.41 EPS. Monro’s quarterly revenue was down 6.4% on a year-over-year basis.

Monro Trading Up 0.9 %

Shares of Monro stock traded up $0.24 during trading on Friday, reaching $27.65. The company’s stock had a trading volume of 592,337 shares, compared to its average volume of 523,837. Monro has a 52-week low of $21.00 and a 52-week high of $33.98. The company has a market cap of $827.29 million, a price-to-earnings ratio of 31.78, a PEG ratio of 1.85 and a beta of 1.11. The firm’s 50-day moving average is $27.10 and its two-hundred day moving average is $26.12. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 0.55.

Monro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a $0.28 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.05%. Monro’s dividend payout ratio (DPR) is 128.74%.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on Monro

About Monro

(Get Free Report)

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.