Monro Muffler Brake, Inc. (MNRO) To Go Ex-Dividend on June 2nd

Monro Muffler Brake, Inc. (NASDAQ:MNRO) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Tuesday, June 2nd will be given a dividend of 0.28 per share by the auto parts company on Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Tuesday, June 2nd.

Monro Muffler Brake has increased its dividend payment by an average of 0.0%annually over the last three years. Monro Muffler Brake has a 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. Research analysts expect Monro Muffler Brake to earn $0.97 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 115.5%.

Monro Muffler Brake Trading Down 1.0%

MNRO opened at $16.45 on Friday. Monro Muffler Brake has a twelve month low of $12.26 and a twelve month high of $23.91. The company has a quick ratio of 0.15, a current ratio of 0.46 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $16.48 and a 200-day moving average of $18.68. The stock has a market cap of $493.83 million, a PE ratio of 822.50, a price-to-earnings-growth ratio of 1.61 and a beta of 1.07.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, May 27th. The auto parts company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.12). Monro Muffler Brake had a return on equity of 2.33% and a net margin of 0.19%.The firm had revenue of $273.84 million for the quarter, compared to analyst estimates of $283.47 million. During the same quarter last year, the company earned ($0.09) earnings per share. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, sell-side analysts predict that Monro Muffler Brake will post 0.68 EPS for the current year.

Monro Muffler Brake Company Profile

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.