Stephens initiated coverage on Monro Muffler with a new price target
$MNRO
Automotive Aftermarket
Consumer Discretionary
Stephens initiated coverage of Monro Muffler with a rating of Equal-Weight and set a new price target of $31.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/15/2024 | $31.00 | Equal-Weight | Stephens |
| 9/7/2023 | $35.00 | Equal Weight | Wells Fargo |
Monro, Inc. (NASDAQ:MNRO), a leading provider of automotive undercar repair and tire services, today announced that its Board of Directors has declared a quarterly cash dividend of $.28 per share on the Company's outstanding shares of common stock, including the shares of common stock to which the holders of the Company's Class C Convertible Preferred Stock are entitled. The dividend is payable on December 17, 2024 to shareholders at the close of business on December 3, 2024. About Monro, Inc. Monro, Inc. (NASDAQ:MNRO) is one of the nation's leading automotive service and tire providers, delivering best-in-class auto care to communities across the country, from oil changes, tires and pa
Drove 410 Basis Point Sequential Improvement in Year-over-Year Comparable Store Sales Percentage Change from the First Quarter of Fiscal 2025 Generated Cash from Operating Activities of $88 Million for the First Half of Fiscal 2025 Distributed Second Quarter Fiscal 2025 Cash Dividend of $.28 per Share Monro, Inc. (NASDAQ:MNRO), a leading provider of automotive undercar repair and tire services, today announced financial results for its second quarter ended September 28, 2024. Second Quarter Results Sales for the second quarter of the fiscal year ending March 29, 2025 ("fiscal 2025") decreased 6.4% to $301.4 million, as compared to $322.1 million for the second quarter of the fiscal
Monro, Inc. (NASDAQ:MNRO), a leading provider of automotive undercar repair and tire services, will release its fiscal 2025 second quarter earnings on October 30, 2024. The Company will host a conference call and audio webcast on Wednesday, October 30, 2024, at 8:30 a.m. Eastern Time. The conference call may be accessed by dialing 1-833-470-1428 and using the required access code of 881759. A replay will be available approximately two hours after the recording through Wednesday, November 13, 2024, and can be accessed by dialing 1-866-813-9403 and using the required access code of 278261. A replay can also be accessed via audio webcast at the Investors section of the Company's website, loc
Monro, Inc. (NASDAQ:MNRO), a leading provider of automotive undercar repair and tire services, today announced that its Board of Directors has declared a quarterly cash dividend of $.28 per share on the Company's outstanding shares of common stock, including the shares of common stock to which the holders of the Company's Class C Convertible Preferred Stock are entitled. The dividend is payable on December 17, 2024 to shareholders at the close of business on December 3, 2024. About Monro, Inc. Monro, Inc. (NASDAQ:MNRO) is one of the nation's leading automotive service and tire providers, delivering best-in-class auto care to communities across the country, from oil changes, tires and pa
Monro, Inc. (NASDAQ:MNRO), a leading provider of automotive undercar repair and tire services, today announced that Brian D'Ambrosia, Executive Vice President and Chief Financial Officer and Felix Veksler, Senior Director of Investor Relations, will participate in a Fireside Chat at the Stephens Annual Investment Conference on Wednesday, November 20, 2024 at 2:00 PM CT. A live webcast of the Stephens event will be available via the "Investors" section of the Company's corporate website (corporate.monro.com/investors/events-and-presentations). About Monro, Inc. Monro, Inc. (NASDAQ:MNRO) is one of the nation's leading automotive service and tire providers, delivering best-in-class auto care
Drove 410 Basis Point Sequential Improvement in Year-over-Year Comparable Store Sales Percentage Change from the First Quarter of Fiscal 2025 Generated Cash from Operating Activities of $88 Million for the First Half of Fiscal 2025 Distributed Second Quarter Fiscal 2025 Cash Dividend of $.28 per Share Monro, Inc. (NASDAQ:MNRO), a leading provider of automotive undercar repair and tire services, today announced financial results for its second quarter ended September 28, 2024. Second Quarter Results Sales for the second quarter of the fiscal year ending March 29, 2025 ("fiscal 2025") decreased 6.4% to $301.4 million, as compared to $322.1 million for the second quarter of the fiscal
Monro, Inc. (NASDAQ:MNRO), a leading provider of automotive undercar repair and tire services, today announced that Jack Heisman has been appointed to the role of Vice President – Human Resources, effective immediately. In addition to Human Resources and Training, Jack will also oversee Monro's Corporate Communications Department in his new role. Mike Broderick, President and Chief Executive Officer, said, "Jack is a trusted team player and highly capable leader who has had a significant impact on many areas of our organization. His strategic mindset and people-first approach will be instrumental in leading these critical departments through this time of business transformation and growth
Monro, Inc. (NASDAQ:MNRO), a leading provider of automotive undercar repair and tire services, today announced that Thomas B. Okray has been appointed to the Company's Board of Directors, effective immediately. Mr. Okray will serve on the Executive Committee. Mr. Okray is a seasoned executive with significant financial and operational expertise in the auto industry and broader industrials segment, including a 26-year tenure at General Motors and subsequent senior finance roles at Amazon.com, Inc., Advance Auto Parts, Inc. and W.W. Grainger, Inc. He most recently served as Chief Financial Officer of Eaton Corporation, a global intelligent power management company. Robert E. Mellor, Chair
Planned Recapitalization Simplifies Equity Capital Structure and Improves Corporate Governance Reflects Outcome of Active Dialogue with Shareholders and Extensive Assessment of Recapitalization Options Company Announces Plan to Declassify Board Monro, Inc. (NASDAQ:MNRO) ("Monro" or the "Company"), a leading provider of automotive undercar repair and tire services, today announced it has entered into an agreement with the holders (the "Class C Holders") of its Class C Convertible Preferred Stock (the "Class C Preferred Stock") under which the Class C Preferred Stock will be eliminated (the "agreement"), subject to receipt of shareholder approval. The agreement has been approved by Monr
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SC 13G/A - MONRO, INC. (0000876427) (Subject)
Stephens initiated coverage of Monro Muffler with a rating of Equal-Weight and set a new price target of $31.00
Wells Fargo initiated coverage of Monro Muffler with a rating of Equal Weight and set a new price target of $35.00
Oppenheimer resumed coverage of Monro with a rating of Hold
4/A - MONRO, INC. (0000876427) (Issuer)
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8-K - MONRO, INC. (0000876427) (Filer)
10-Q - MONRO, INC. (0000876427) (Filer)
8-K - MONRO, INC. (0000876427) (Filer)
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Monro, Inc. (NASDAQ:MNRO) shares are trading lower on Thursday. The company reported fourth-quarter adjusted earnings per share of 21 cents, missing the analyst consensus of 30 cents. Quarterly revenues of $310.08 million missed the street view of $320.239 million. Sales for the fourth quarter decreased 0.2%. “While an industry-wide deferral and trade-down cycle has lasted longer than most in our industry would have expected, we are navigating weakness in the tire market well with our actions and our recently implemented initiatives. We have made foundational progress that will enable Monro to reap benefits when tire volumes recover,” said Mike Broderick, President and Chief Execut
Monro is not providing fiscal 2025 financial guidance at this time but will provide perspective on its expectations for the fiscal first quarter as well as the full year of fiscal 2025 during its earnings conference call.