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

Monro Muffler Brake, Inc. (NASDAQ:MNRO) announced a quarterly dividend on Wednesday, May 27th. Shareholders 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 6.9%. The ex-dividend date of this dividend is Tuesday, June 2nd.

Monro Muffler Brake has increased its dividend 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. Equities research analysts expect Monro Muffler Brake to earn $0.68 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 164.7%.

Monro Muffler Brake Trading Down 2.1%

Shares of MNRO stock traded down $0.34 on Wednesday, hitting $16.22. The stock had a trading volume of 3,544,199 shares, compared to its average volume of 852,699. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.45 and a quick ratio of 0.15. The firm has a market capitalization of $486.92 million, a P/E ratio of -34.51, a P/E/G ratio of 1.64 and a beta of 1.07. Monro Muffler Brake has a 1 year low of $12.26 and a 1 year high of $23.91. The company’s 50 day moving average price is $16.42 and its 200-day moving average price is $18.71.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Wednesday, May 27th. The auto parts company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.12). Monro Muffler Brake had a positive return on equity of 2.69% and a negative net margin of 1.06%.The company had revenue of $273.84 million for the quarter, compared to analyst estimates of $283.48 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. Analysts anticipate that Monro Muffler Brake will post 0.56 earnings per share 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.