Revenue Update on Monro Muffler Brake Inc(NASDAQ:MNRO)

Monro Muffler Brake Inc(NASDAQ:MNRO) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $236.89M. Analysts estimated a revenue of $236.42M. Earnings per share were $0.50. Analysts had estimated an EPS of $0.49.

In a different note, On May 20, 2016, Jefferies said it Maintains its rating on Monro Muffler Brake Inc. In the research note, the firm Lowers the price-target to $86.00 per share. The shares have been rated ‘Buy’ by the firm.

Monro Muffler Brake Inc (MNRO) made into the market gainers list on Thursdays trading session with the shares advancing 0.10% or 0.06 points. Due to strong positive momentum, the stock ended at $61.87, which is also near the day’s high of $62.465. The stock began the session at $62 and the volume stood at 1,97,426 shares. The 52-week high of the shares is $77 and the 52 week low is $56.15. The company has a current market capitalization of $1,995 M and it has 3,22,47,684 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Peter J Solomon (director) sold 19,000 shares at $61.42 per share price.Also, 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.

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