Monro Muffler Brake, Inc. (NASDAQ:MNRO) Announces $0.28 Quarterly Dividend

Monro Muffler Brake, Inc. (NASDAQ:MNRO) declared a quarterly dividend on Friday, February 13th. Shareholders of record on Tuesday, February 24th will be paid a dividend of 0.28 per share by the auto parts company on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, February 24th.

Monro Muffler Brake has raised its dividend payment by an average of 0.0%annually over the last three years. Monro Muffler Brake has a dividend payout ratio of 131.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Monro Muffler Brake to earn $0.79 per share next year, which means the company may not be able to cover its $1.12 annual dividend with an expected future payout ratio of 141.8%.

Monro Muffler Brake Trading Up 1.0%

MNRO stock opened at $23.81 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.45 and a debt-to-equity ratio of 0.41. Monro Muffler Brake has a twelve month low of $12.19 and a twelve month high of $23.91. The company has a market cap of $714.78 million, a P/E ratio of -50.66, a PEG ratio of 2.81 and a beta of 1.03. The business has a fifty day moving average of $20.59 and a 200-day moving average of $18.36.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Wednesday, January 28th. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Monro Muffler Brake had a negative net margin of 1.06% and a positive return on equity of 2.69%. The company had revenue of $293.39 million for the quarter, compared to the consensus estimate of $295.19 million. During the same period in the prior year, the company posted $0.19 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts expect that Monro Muffler Brake will post 0.63 EPS for the current year.

About Monro Muffler Brake

Monro Muffler Brake (NASDAQ:MNRO) is a leading provider of undercar repair and maintenance services for light vehicles in the United States. The company’s core offerings include brake systems, exhaust systems, steering and suspension repairs, tire sales and service, oil and lube changes, wheel alignment, multi-point inspections, and state vehicle inspections. Monro serves both retail customers and fleet accounts, focusing on fast, reliable service and preventive maintenance to help extend vehicle life and safety.

Headquartered in Rochester, New York, Monro was originally founded in 1957 and has grown through a combination of organic expansion and strategic acquisitions.