Wedbush Issues Pessimistic Forecast for Monro Earnings

Monro, Inc. (NASDAQ:MNRO - Free Report) - Equities research analysts at Wedbush reduced their FY2025 EPS estimates for Monro in a research note issued to investors on Thursday, January 30th. Wedbush analyst S. Basham now anticipates that the auto parts company will post earnings per share of $0.64 for the year, down from their previous estimate of $0.85. Wedbush has a "Outperform" rating and a $31.00 price target on the stock. The consensus estimate for Monro's current full-year earnings is $0.76 per share. Wedbush also issued estimates for Monro's Q4 2025 earnings at $0.06 EPS, FY2026 earnings at $0.75 EPS and FY2027 earnings at $0.94 EPS.

Monro (NASDAQ:MNRO - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The auto parts company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.12). Monro had a return on equity of 3.76% and a net margin of 1.64%.

Other analysts have also issued reports about the stock. Wells Fargo & Company cut their target price on shares of Monro from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Monday, January 27th. Stephens started coverage on Monro in a research note on Tuesday, October 15th. They issued an "equal weight" rating and a $31.00 price objective for the company.

Monro Stock Performance

Shares of NASDAQ MNRO traded up $0.58 during midday trading on Monday, hitting $19.75. 895,673 shares of the company's stock traded hands, compared to its average volume of 806,536. The firm has a fifty day moving average of $23.90 and a 200 day moving average of $26.06. Monro has a 1 year low of $18.29 and a 1 year high of $33.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. The stock has a market capitalization of $591.51 million, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

Hedge Funds Weigh In On Monro

A number of hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in shares of Monro by 1,288.0% during the 4th quarter. Victory Capital Management Inc. now owns 141,121 shares of the auto parts company's stock valued at $3,500,000 after buying an additional 130,954 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Monro by 7.7% during the fourth quarter. Bank of New York Mellon Corp now owns 374,466 shares of the auto parts company's stock valued at $9,287,000 after acquiring an additional 26,855 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Monro in the fourth quarter valued at about $272,000. Principal Financial Group Inc. boosted its stake in shares of Monro by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 145,222 shares of the auto parts company's stock worth $3,602,000 after acquiring an additional 4,169 shares during the period. Finally, Empowered Funds LLC purchased a new stake in shares of Monro during the fourth quarter worth about $3,327,000.

Monro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend was Tuesday, December 3rd. Monro's dividend payout ratio is currently 175.00%.

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.