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

Monro Muffler Brake, Inc. (NASDAQ:MNRO) announced a quarterly dividend on Friday, February 13th. Stockholders of record on Tuesday, February 24th will be given a dividend of 0.28 per share by the auto parts company on Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date 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% 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 $0.79 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 Stock Performance

Shares of NASDAQ MNRO traded up $0.23 during trading hours on Friday, reaching $23.81. The stock had a trading volume of 796,746 shares, compared to its average volume of 816,938. The firm has a market cap of $714.78 million, a price-to-earnings ratio of -50.66, a PEG ratio of 2.81 and a beta of 1.03. Monro Muffler Brake has a fifty-two week low of $12.19 and a fifty-two week high of $23.91. The firm has a 50-day moving average of $20.50 and a 200-day moving average of $18.31. The company has a current ratio of 0.45, a quick ratio of 0.15 and a debt-to-equity ratio of 0.41.

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