|Bid||71.80 x 800|
|Ask||82.58 x 800|
|Day's Range||81.75 - 84.52|
|52 Week Range||55.13 - 89.72|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||34.86|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||0.80 (0.95%)|
|1y Target Est||74.80|
Monro (MNRO) delivered earnings and revenue surprises of -1.96% and -0.80%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Monro Inc. reported Tuesday fiscal fourth-quarter sales that missed expectations, amid a surprise decline in same-store sales, while also announcing a dividend increase and expanded collaboration with Amazon.com Inc. to provide tire installation services. The autocare and tire services said net income for the quarter to March 30 fell to $16.8 million, or 50 cents a share, including a 1-cent-per-share cost related to increased acquisitions activity, from $6.8 million, or 52 cents a share, in the same period a year ago. The FactSet EPS consensus was 51 cents. Sales rose 0.6% to $287.2 million, but was below the FactSet consensus of $292.0 million. Same-store sales fell 5.7% on a reported basis, and rose 0.5% when adjusting for less selling day, while the FactSet consensus was for 2.3% growth. Separately, the company said it was raising its quarterly dividend to 22 cents a share from 20 cents a share, with the new dividend payable June 17 to shareholders of record on June 3. Regarding its collaboration with Amazon, Monro said it was more than doubling the number of service locations to over 800 stores. The stock, which was still inactive in premarket trade, has rallied 41.7% over the past 12 months while the S&P 500 has gained 3.9%.
The Rochester, New York-based company said it had net income of 50 cents per share. The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment ...
Monro, Inc. (MNRO), a leading provider of automotive undercar repair and tire services, today announced it has expanded its collaboration with Amazon.com to provide tire installation services at over 400 additional Monro retail tire and automotive service locations in nine additional states across the Central and Western regions of the United States, more than doubling the amount of service locations to over 800 stores. Brett Ponton, President and Chief Executive Officer, said, “The rollout of our Amazon.com collaboration has been progressing very smoothly and we are pleased to announce that we are expanding this option for tire installation to more than 800 stores across the United States, representing approximately two-thirds of our store base.
~ Fiscal 2019 Sales Increase 6.4% to a Record $1.2 Billion; Diluted EPS Up 23.4% to a Record $2.37 ~~Total Annualized Sales from Acquisitions Completed and Announced in Fiscal.
On Tuesday, May 21, Monro Muffler Brake (NASDAQ: MNRO ) will release its latest earnings report. Here is Benzinga's outlook for the company. Earnings and Revenue Monro Muffler Brake EPS will likely be ...
Monro (MNRO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Monro, Inc. (MNRO), a leading provider of automotive undercar repair and tire services, will release its fourth quarter and fiscal 2019 earnings on May 21, 2019. The Company will host a conference call and audio webcast on Tuesday, May 21, 2019 at 8:30 a.m. Eastern Time. The live conference call and replay can also be accessed via audio webcast at the Investors section of the Company’s website, located at corporate.monro.com.
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Monro, Inc. (MNRO), a leading provider of automotive undercar repair and tire services, today announced that it has signed a definitive agreement to acquire California-based Certified Tire & Service Centers, Inc. The acquisition includes Certified Tire’s 40 retail stores located in San Francisco, San Diego and Los Angeles, California and one distribution center located in Riverside, California. The acquisition represents entry into a new state for Monro and expands the Company’s geographic footprint to the West Coast.
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Monro, Inc. (NASDAQ:MNRO), with a market cap of US$2.6b, are often out of the spotlight.Read More...
ROCHESTER, N.Y., Feb. 21, 2019 -- Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that Brett Ponton, President.
ROCHESTER, N.Y., Feb. 15, 2019 -- Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that its Board of Directors.
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