Monro Muffler Brake (MNRO) has a market cap of $2.0 billion. It fell by 7.3% and closed at $62.07 per share on May 19, 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were -11.7%, -9.4%, and -6.1%, respectively, as of the same day. This means that Monro Muffler Brake is trading 10.9% below its 20-day moving average, 10.7% below its 50-day moving average, and 8.5% below its 200-day moving average.
Related ETFs and peers
The Vanguard Small-Cap ETF (VB) invests 0.07% of its holdings in Monro Muffler Brake. VB tracks the CRSP US Small Cap Index. The market-cap-weighted index includes the bottom 2%–15% of the investable universe. VB’s YTD price movement was -0.15% as of May 19, 2016.
The iShares Russell 2000 Growth ETF (IWO) invests 0.28% of its holdings in Monro Muffler Brake. IWO tracks a market-cap-weighted index of US small-cap growth stocks. The index selects from stocks ranked 1,001–3,000 by market cap based on two growth factors.
The market caps of Monro Muffler Brake’s competitors are as follows:
Performance in 4Q16 and 2016
Monro Muffler Brake reported fiscal 4Q16 sales of $229.0 million—a rise of 4.5% compared to sales of $219.1 million in fiscal 4Q15. The company’s cost of sales as a percentage of sales fell by 3.2% and its operating income rose to 12.6% in fiscal 4Q16—compared to the same period last year.
Its net income and EPS (earnings per share) rose to $13.9 million and $0.42, respectively, in fiscal 4Q16—compared to $12.6 million and $0.38, respectively, in fiscal 4Q15.
Fiscal 2016 results
In fiscal 2016, Monro Muffler Brake reported sales of $943.7 million—a rise of 5.5% YoY (year-over-year). Its net income and EPS rose to $66.8 million and $2.00, respectively, in fiscal 2016—compared to $61.8 million and $1.88, respectively, in fiscal 2015.
Monro Muffler Brake’s cash rose by 3.3% and its inventories fell by 0.53% in fiscal 2016. Its current ratio and debt-to-equity ratio fell to 1.01x and 0.86x, respectively, in fiscal 2016—compared to 1.04x and 0.92x, respectively, in fiscal 2015.
Monro Muffler Brake declared a quarterly dividend of $0.17 per share on its common stock. The dividend will be paid on June 13, 2016, to shareholders of record at the close of business on June 3, 2016.
Monro Muffler Brake completed the acquisition of 29 McGee Auto Service and Tires retail and commercial stores in Florida. This acquisition will add ~$50 million in annualized sales.
The company made the following projections for fiscal 2017 and fiscal 1Q17:
- It expects sales of $980 million–$1.0 billion based on current visibility, business and economic trends, and completed acquisitions. This guidance includes a comparable store sales fall of 2% to flat.
- It expects EPS of $2.05 to $2.20.
- It expects sales of $230 million–$240 million.
- It expects EPS of $0.47–$0.51.
In the next part, we’ll look at Fiat Chrysler Automobiles (FCAU).