Monro (NASDAQ:MNRO) Updates FY20 Earnings Guidance
Monro (NASDAQ:MNRO) updated its FY20 earnings guidance on Thursday. The company provided earnings per share guidance of $2.55-2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.65. The company issued revenue guidance of $1.285-1.315 billion, compared to the consensus revenue estimate of $1.31 billion.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Hammerson from a hold rating to a sell rating in a report on Friday, May 24th. BidaskClub raised shares of Xilinx from a hold rating to a buy rating in a report on Wednesday. Oppenheimer set a $13.00 target price on shares of ArQule and gave the stock a buy rating in a report on Thursday, July 11th. CL King reaffirmed a hold rating on shares of Monro in a report on Wednesday, May 22nd. Finally, SunTrust Banks reaffirmed a buy rating and issued a $20.00 target price on shares of ANGI Homeservices in a report on Wednesday, May 22nd. Eight equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of Hold and a consensus target price of $85.97.
Shares of MNRO traded down $0.13 during trading hours on Friday, hitting $82.86. The stock had a trading volume of 364,756 shares, compared to its average volume of 378,306. The company’s fifty day moving average price is $84.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.93 and a quick ratio of 0.32. Monro has a 52 week low of $60.78 and a 52 week high of $89.72. The stock has a market capitalization of $2.75 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 2.40 and a beta of 0.78.
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.
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