Monro Muffler Brake, Inc. (MNRO) to Issue Quarterly Dividend of $0.28 on June 16th

Monro Muffler Brake, Inc. (NASDAQ:MNRO) declared a quarterly dividend on Wednesday, May 27th. Investors 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) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Tuesday, June 2nd.

Monro Muffler Brake has increased its dividend payment by an average of 0.0%per year over the last three years. Monro Muffler Brake has a payout ratio of 131.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Stock Up 2.5%

NASDAQ MNRO opened at $16.62 on Friday. The stock’s 50 day moving average is $16.46 and its 200 day moving average is $18.70. The company has a current ratio of 0.46, a quick ratio of 0.15 and a debt-to-equity ratio of 0.43. Monro Muffler Brake has a 12 month low of $12.26 and a 12 month high of $23.91. The stock has a market cap of $498.93 million, a PE ratio of 831.00, a P/E/G ratio of 1.59 and a beta of 1.07.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings results on Wednesday, May 27th. The auto parts company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $273.84 million during the quarter, compared to analysts’ expectations of $283.47 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. Research analysts predict that Monro Muffler Brake will post 0.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Monro Muffler Brake in a report on Tuesday, April 21st. Oppenheimer raised Monro Muffler Brake from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.00.

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.