Monro Muffler Brake Inc (MNRO) is Downgraded by Northcoast to Sell

Monro Muffler Brake Inc (MNRO) was Downgraded by Northcoast to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Northcoast advised their investors in a research report released on Jul 14, 2016.

On the company’s financial health, Monro Muffler Brake Inc reported $0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 19, 2016. Analyst had a consensus of $0.44. The company had revenue of $229.03 million for the quarter, compared to analysts expectations of $239.42 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Monro Muffler Brake Inc closed down -1.15 points or -1.66% at $68.21 with 2,62,632 shares getting traded on Wednesday. Post opening the session at $69.31, the shares hit an intraday low of $64.86 and an intraday high of $69.31 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 9, 2016, Peter J Solomon (director) sold 19,000 shares at $61.42 per share price. According to the SEC, on Jun 3, 2016, Elizabeth A. Wolszon (director) sold 4,400 shares at $61.26 per share price. On Jun 3, 2016, Robert E Mellor (director) sold 10,000 shares at $62.13 per share price, according to the Form-4 filing with the securities and exchange commission.

Monro Muffler Brake Inc. is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars light trucks and vans for brakes; mufflers and exhaust systems and steering drive train suspension and wheel alignment. As of March 28 2015 the Company operated a chain of 999 Company-operated stores one franchised location and 14 dealer-operated stores. It also provides other products and services including tires and routine maintenance services including state inspections. The Company is also engaged in repair and replacement of parts. The Company’s store provides a range of undercar repair services for brakes steering mufflers and exhaust systems drive train suspension and wheel alignment as well as tire replacement and service. These services apply to all makes and models of domestic and foreign cars light trucks and vans.

Monro Muffler Brake Inc

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Monro Muffler Brake Inc - Is it time to Sell?

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