Monro Muffler Brake, Inc. – Momentum – Zacks Rank Buy
Source: http://www.zacks.com/commentary/11394/Monro+Muffler+Brake%2C+Inc.+-+Momentum+-+Zacks+Rank+BuyPosted on Monday, July 6th, 2009 | In Market Commentary, Stocks to Watch
Monro Muffler Brake, Inc. (MNRO), Michael Baker Corporation (BKR), Dr. Reddy’s Lab Ltd. (RDY) and Wright Express Corp. (WXS).
Monro Muffler Brake, Inc. (MNRO) reported great fourth-quarter and full-year results on May 28 that demonstrate how the company has benefited from consumers upgrading older cars instead of buying new.
Fourth-Quarter Results
Sales for the quarter were up 9% from last year to $117.1 million. Income came in at $3 million, up from $1.9 million last year, producing earnings of 15 cents per share, in line with the consensus.
Full-Year Results
Full-year income was up to $24.1 million from $21.9 million last year, with earnings up to a $1.20 per share, from $1.00. Revenue increased to $476.1 million from $439.4 million.
Aquisition Announced
While reporting its quarterly results, Monro also announced that it had agreed to purchase 26 Autotire Car Care centers from Am-Pac Distributors for $10 million.
Monro also reaffirmed its full-year earnings guidance, saying it expects to earn between $1.30 and $1.45 in 2010.
The Chart
Shares of MNRO have began trending higher in late November of last year, but have recently been mostly range bound. Take a look below.
Last Week’s Momentum Zacks Rank Buy Stocks
Michael Baker Corporation (BKR) reported record results in early May that have given the company’s share price a nice boost, up more than 70% in just the last few months. Read Full Article.
Dr. Reddy’s Lab Ltd. (RDY) doubled its sales from last year in its most recently reported quarter, sending its share price higher by more than 100% in just the last 3 months. Read Full Article.
Wright Express Corp. (WXS) continues to head higher on strong quarterly results and bullish earnings projections. Read Full Article.
Zacks Investment Research
Last 5 posts by Michael Vodicka
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 About Michael Vodicka (http://www.zacks.com/)
Michael is an Editor at Zacks Investment Research who covers the Momentum and Aggressive Stocks for the Zacks Rank Buys. |
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