Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Monro, Inc. (NASDAQ:MNRO) is an auto service and tire provider in the United States that operates more than 1,300 stores and 9,000 service bays nationwide. MNRO also has 79 franchised locations and two retread facilities in 32 states. The company's brand portfolio features 10 brands, the majority offering complete auto care and service. At last glance, MNRO is trading up 0.8% at $46.61.
On Aug. 19, Monro announced a quarterly cash dividend of $0.28 per share on the company’s outstanding shares of common stock, offering a dividend yield of 2.42% at a forward dividend of $1.12. MNRO's dividend is payable on Sept. 6 to shareholders as of August 23.
As far as price action goes, Monro stock has decreased about 19% in price over the past 12 months and is currently trading down 27% since peaking at a 52-week high of $64.71 last November. Additionally, shares of MNRO have dropped in price 21% year-to-date and have seen a 9% decline over the past month. However, Monro stock has recovered 24% since bottoming at a two-year low of $37.49 in May.
The auto service and tire company possesses some generally weak fundamentals. To begin, Monro stock trades rich at an inflated forward price-earnings ratio of 26.25 and a price-sales ratio of 1.16. Moreover, the company holds $30.65 million in cash and $715.59 million in total debt on its balance sheet, making Monro stock’s risk-reward potential extremely unattractive for both long- and short-term investors.
However, its worth noting that options are very affordable at the moment, per MNRO's Schaeffer's Volatility Index (SVI) of 42% that sits in the relatively low 20th percentile of its annual range. This indicates options traders are pricing in extremely low volatility expectations
Whoever coined the expression that patience is a virtue probably never invested money in the equity markets. It can be excruciating to see a stock's price plummet. And that's particularly true when the stock was possibly at all-time highs just one year ago.
Here's the good news. In some cases, the reasons you liked the stock still exist. If that's true, then there's reason to believe that the stock price may recover.
The bad news is there's no way to know for sure when that will be. And anyone who says they do is not telling you the truth.
So what's an investor to do? We believe the answer is to be selective. And right now that means looking at best-in-class stocks that are built to ride out recessions.
In this special presentation, we'll give you seven stocks to consider as you look for safe stocks that give you an opportunity for growth and that pay a dividend for good measure. Here are the 7 recession-proof stocks that will let you wait out this bear market.
View the "10 Recession-Proof Stocks That Will Let You Wait Out the Bear".
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
Tom remains optimistic about investors’ prospects going forward, even as the market reacts to the words of Fed Chair Jerome Powell about “pain ahead.”
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.