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

Monro Muffler Brake, Inc. (NASDAQ:MNRO) declared a quarterly dividend on Thursday, August 13th. Stockholders of record on Tuesday, August 25th will be given a dividend of 0.28 per share by the auto parts company on Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend is Tuesday, August 25th.

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 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 $0.64 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 175.0%.

Monro Muffler Brake Stock Performance

Shares of MNRO stock opened at $11.27 on Friday. The firm has a market cap of $352.30 million, a price-to-earnings ratio of 51.23, a PEG ratio of 9.57 and a beta of 1.05. Monro Muffler Brake has a 52-week low of $11.25 and a 52-week high of $23.91. The company has a quick ratio of 0.16, a current ratio of 0.49 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $15.44 and its 200 day moving average is $17.04.

Monro Muffler Brake (NASDAQ:MNRO) last posted its earnings results on Wednesday, July 29th. The auto parts company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). The company had revenue of $287.13 million for the quarter, compared to analysts’ expectations of $286.30 million. Monro Muffler Brake had a return on equity of 0.80% and a net margin of 0.71%.The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. On average, sell-side analysts anticipate that Monro Muffler Brake will post 0.08 EPS for the current fiscal 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.