Monro Muffler Brake Inc (NASDAQ:MNRO) Declared Q2 Earnings 2016

[Capital Cube] Monro Muffler Brake Inc (NASDAQ:MNRO)(TREND ANALYSIS) Summary numbers: Revenues of USD 239.16 million, Net Earnings of USD 18.87 million, and Earnings per Share (EPS) of USD 0.57.

Gross margins widened from 40.43% to 42.12% compared to the same quarter last year, operating (EBITDA) margins now 14.26% from 17.21%.

Earnings growth from operating margin improvements as well as one-time items.

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Monro Muffler Brake Inc (NASDAQ:MNRO) stock is currently trading 1.86% below its 52-week-high, 50.51% above its 52-week-low. The 1-year stock price history is in the range of $50.21 – $77. Monro Muffler Brake Inc (MNRO) has a price to earnings ratio of 37.65 versus Consumer Goods sector average of 26.34. MNRO stock price has outperformed the Nasdaq by 21.9%. The Auto Repair Centers company is currently valued at $2.51 billion and its share price closed the last trading session at $75.57. The stock has a 50-day moving average of $68.31 and a 200-day moving average of $64.1.

Monro Muffler Brake Inc (MNRO) current short interest stands at 4.3 million shares. It has increased by 1% from the same period of last month. Around 14% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.28 million shares, the number of days required to cover the short positions stand at 15.4 days.

MNRO reported last quarter earnings on October 22. The Auto Repair Centers company announced earnings per share of $0.57 against a consensus Street estimate of $0.56, beating the average estimate by $0.01. This corresponds to an increase of $0.02 compared to the same quarter of the previous fiscal year.

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There are currently ten analysts that cover Monro Muffler Brake Inc stock. Of those ten, six have a Buy rating, three have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $81.6.

A recent analyst activity consisted of Jefferies reiterating their Buy stance on October 23. Jefferies increased their price target on MNRO from $75 to $86. This corresponds to a 13.8% upside from the last closing price. On the date of report, the stock closed at $73.65.

From an income perspective, Monro Muffler Brake Inc (MNRO) has a dividend yield of 0.81%. The dividend has remained flat over the last 5 years and the payout ratio stands at 28.02%.

Another research firm was KeyBanc who upgraded their rating to Sector Weight on August 19. On the date of report, the stock closed at $65.17.

Company snapshot

Monro Muffler Brake, Inc. operates a chain of Company owned stores in the Northeast US providing automotive undercar repair and tire services in the Eastern region of the US. The Company’s stores provide a broad range of services for brake systems, mufflers and exhaust, tires, steering, drive train, suspension, wheel alignment, routine maintenance and state inspections.

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