Monro - MNRO Stock Forecast, Price & News

0 brokers have issued 1 year price objectives for Monro's stock. Their MNRO share price forecasts range from $47.00 to $47.00. On average, they predict the company's stock price to reach $47.00 in the next year. This suggests that the stock has a possible downside of 10.1%.
View analysts price targets for MNRO or view top-rated stocks among Wall Street analysts.

Monro's stock was trading at $58.27 at the beginning of 2022. Since then, MNRO shares have decreased by 10.3% and is now trading at $52.29.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our MNRO earnings forecast.

Monro, Inc. (NASDAQ:MNRO) posted its quarterly earnings data on Thursday, May, 19th. The auto parts company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by $0.26. The auto parts company earned $328 million during the quarter, compared to the consensus estimate of $328.18 million. Monro had a trailing twelve-month return on equity of 7.53% and a net margin of 4.27%. The business's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share.

Monro declared a quarterly dividend on Thursday, May 19th. Stockholders of record on Monday, June 6th will be given a dividend of $0.28 per share on Monday, June 20th. This represents a $1.12 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, June 3rd. This is a boost from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for MNRO.

Monro (NASDAQ:MNRO) pays an annual dividend of $1.12 per share and currently has a dividend yield of 2.14%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 65.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MNRO will have a dividend payout ratio of 50.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MNRO.

49 employees have rated Monro Chief Executive Officer Brett Ponton on Glassdoor.com. Brett Ponton has an approval rating of 36% among the company's employees. This puts Brett Ponton in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Monro investors own include Verizon Communications (VZ), AbbVie (ABBV), Cummins (CMI), Walt Disney (DIS), Altria Group (MO), Pfizer (PFE), Tractor Supply (TSCO), Whirlpool (WHR), Brunswick (BC) and Caterpillar (CAT).

Monro trades on the NASDAQ under the ticker symbol "MNRO."

Monro's stock is owned by many different retail and institutional investors. Top institutional investors include Copeland Capital Management LLC (2.85%), abrdn plc (2.10%), Massachusetts Financial Services Co. MA (1.93%), Northern Trust Corp (1.46%), Russell Investments Group Ltd. (1.42%) and Boston Trust Walden Corp (1.28%). Insiders that own company stock include John L Auerbach, Leah C Johnson, Michael T Broderick and Peter J Solomon.
View institutional ownership trends.

Shares of MNRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MNRO stock can currently be purchased for approximately $52.29.

Monro (NASDAQ:MNRO) has a market capitalization of $1.68 billion and generates $1.36 billion in revenue each year. The auto parts company earns $61.57 million in net income (profit) each year or $1.72 on an earnings per share basis.

The company employs 8,750 workers across the globe.

Monro was founded in 1957.

Monro's mailing address is 200 HOLLEDER PKWY, ROCHESTER NY, 14615. The official website for the company is www.monro.com. The auto parts company can be reached via phone at (585) 647-6400, via email at ir@monro.com, or via fax at 585-647-0945.