Monro - MNRO Stock Forecast, Price & News

0 Wall Street research analysts have issued 1 year price objectives for Monro's shares. Their MNRO share price forecasts range from $47.00 to $47.00. On average, they expect the company's stock price to reach $47.00 in the next twelve months. This suggests that the stock has a possible downside of 10.7%.
View analysts price targets for MNRO or view top-rated stocks among Wall Street analysts.

Monro's stock was trading at $45.20 at the beginning of the year. Since then, MNRO shares have increased by 16.5% and is now trading at $52.66.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 18th 2023.
View our MNRO earnings forecast.

Monro, Inc. (NASDAQ:MNRO) issued its quarterly earnings results on Wednesday, January, 25th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.05. The auto parts company earned $335.20 million during the quarter, compared to analyst estimates of $330.87 million. Monro had a trailing twelve-month return on equity of 6.52% and a net margin of 3.52%. Monro's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS.

Monro declared a quarterly dividend on Tuesday, November 22nd. Shareholders of record on Tuesday, December 6th will be given a dividend of $0.28 per share on Tuesday, December 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Monday, December 5th.
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 2.15%. The company has been increasing its dividend for 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 78.32%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MNRO will have a dividend payout ratio of 61.54% 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 a variety of institutional and retail investors. Top institutional investors include Copeland Capital Management LLC (3.40%), Russell Investments Group Ltd. (0.91%), Pacer Advisors Inc. (0.72%), Scout Investments Inc. (0.41%), Peregrine Capital Management LLC (0.36%) and Envestnet Asset Management Inc. (0.34%). 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 $52.66.

Monro (NASDAQ:MNRO) has a market capitalization of $1.65 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 $1.43 on an earnings per share basis.

The company employs 8,750 workers across the globe.

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.