Somewhat Favorable News Coverage Somewhat Unlikely to Impact Monro (MNRO) Share Price

News stories about Monro (NASDAQ:MNRO) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Monro earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media headlines about the auto parts company an impact score of 45.3983365538746 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

MNRO has been the subject of several research analyst reports. Jefferies Group reiterated a “buy” rating and issued a $60.00 price objective on shares of Monro in a report on Tuesday, September 12th. TheStreet downgraded Monro from a “b-” rating to a “c+” rating in a report on Monday, November 13th. Zacks Investment Research upgraded Monro from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. BidaskClub upgraded Monro from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Oppenheimer set a $70.00 price objective on Monro and gave the stock a “buy” rating in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $63.33.

Shares of Monro (NASDAQ MNRO) traded down $0.30 during trading hours on Tuesday, reaching $58.25. The company’s stock had a trading volume of 187,773 shares, compared to its average volume of 364,229. The stock has a market capitalization of $1,918.80, a PE ratio of 31.15, a price-to-earnings-growth ratio of 2.15 and a beta of 0.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 0.28. Monro has a fifty-two week low of $39.65 and a fifty-two week high of $61.10.

Monro (NASDAQ:MNRO) last announced its earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $278.02 million for the quarter, compared to analysts’ expectations of $277.06 million. Monro had a return on equity of 10.82% and a net margin of 5.66%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. equities analysts forecast that Monro will post 2.02 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.24%. This is a boost from Monro’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Monday, December 11th. Monro’s dividend payout ratio (DPR) is presently 38.50%.

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About Monro

Monro, Inc, formerly 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.

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