Monro, Inc. (NASDAQ:MNRO – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $20.52 and last traded at $20.28, with a volume of 1668 shares trading hands. The stock had previously closed at $22.01.
The auto parts company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.12). Monro had a net margin of 2.24% and a return on equity of 4.77%.
Monro Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.12 annualized dividend and a yield of 5.51%. Monro’s dividend payout ratio (DPR) is presently 128.74%.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on MNRO
Institutional Investors Weigh In On Monro
Several large investors have recently made changes to their positions in the stock. Empowered Funds LLC bought a new stake in shares of Monro during the fourth quarter worth $3,327,000. Bleakley Financial Group LLC grew its position in Monro by 17.9% in the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock valued at $246,000 after purchasing an additional 1,506 shares in the last quarter. Pacer Advisors Inc. bought a new position in Monro in the fourth quarter valued at $28,899,000. Inspire Investing LLC grew its position in Monro by 14.3% in the fourth quarter. Inspire Investing LLC now owns 16,299 shares of the auto parts company’s stock valued at $404,000 after purchasing an additional 2,042 shares in the last quarter. Finally, D.B. Root & Company LLC grew its position in Monro by 8.7% in the fourth quarter. D.B. Root & Company LLC now owns 15,467 shares of the auto parts company’s stock valued at $384,000 after purchasing an additional 1,233 shares in the last quarter.
Monro Trading Down 7.7 %
The firm has a market cap of $608.28 million, a P/E ratio of 23.34, a P/E/G ratio of 1.73 and a beta of 1.11. The business’s 50-day moving average is $24.88 and its two-hundred day moving average is $26.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.21.
About Monro
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.
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