Q3 2018 Earnings Forecast for Monro Muffler Brake, Inc. (NASDAQ:MNRO) Issued By Jefferies Group

Monro Muffler Brake, Inc. (NASDAQ:MNRO) – Research analysts at Jefferies Group lowered their Q3 2018 earnings estimates for Monro Muffler Brake in a research report issued to clients and investors on Friday. Jefferies Group analyst B. Jordan now anticipates that the auto parts company will post earnings per share of $0.58 for the quarter, down from their prior forecast of $0.59. Jefferies Group has a “Buy” rating and a $60.00 price objective on the stock. Jefferies Group also issued estimates for Monro Muffler Brake’s Q4 2018 earnings at $0.53 EPS.

MNRO has been the topic of a number of other research reports. CIBC reaffirmed a “buy” rating on shares of Monro Muffler Brake in a report on Monday, April 17th. BidaskClub upgraded Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Stephens cut Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Tuesday, April 4th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $51.00 price target (down from $54.00) on shares of Monro Muffler Brake in a research report on Saturday. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Monro Muffler Brake currently has a consensus rating of “Hold” and a consensus price target of $63.33.

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Monro Muffler Brake (NASDAQ:MNRO) opened at 48.35 on Monday. The firm’s 50-day moving average price is $44.71 and its 200 day moving average price is $52.15. Monro Muffler Brake has a 52-week low of $39.65 and a 52-week high of $66.48. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 25.75 and a beta of 0.70.

Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The business had revenue of $278.50 million for the quarter, compared to analyst estimates of $270.85 million. During the same quarter last year, the company earned $0.50 EPS. The business’s quarterly revenue was up 18.4% on a year-over-year basis.

Hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of Monro Muffler Brake by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 4,470 shares of the auto parts company’s stock worth $233,000 after buying an additional 70 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Monro Muffler Brake by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 3,610 shares of the auto parts company’s stock valued at $188,000 after buying an additional 120 shares in the last quarter. Forward Management LLC boosted its stake in Monro Muffler Brake by 6.8% in the first quarter. Forward Management LLC now owns 2,431 shares of the auto parts company’s stock valued at $127,000 after buying an additional 154 shares in the last quarter. Stephens Inc. AR boosted its stake in Monro Muffler Brake by 5.3% in the first quarter. Stephens Inc. AR now owns 4,854 shares of the auto parts company’s stock valued at $253,000 after buying an additional 245 shares in the last quarter. Finally, UBS Group AG boosted its stake in Monro Muffler Brake by 3.9% in the first quarter. UBS Group AG now owns 6,715 shares of the auto parts company’s stock valued at $350,000 after buying an additional 252 shares in the last quarter.

Monro Muffler Brake Company Profile

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.

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

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