Monro Muffler Brake, Inc. (MNRO) to Distribute Quarterly Dividend of $0.28 on September 8th

Monro Muffler Brake, Inc. (NASDAQ:MNRO) announced a quarterly dividend on Tuesday, August 11th. Stockholders of record on Tuesday, August 25th will be paid a dividend of 0.28 per share by the auto parts company on Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Tuesday, August 25th.

Monro Muffler Brake has raised its dividend 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. 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 Trading Up 4.9%

MNRO opened at $12.55 on Friday. The firm has a 50 day simple moving average of $15.07 and a 200 day simple moving average of $16.74. Monro Muffler Brake has a fifty-two week low of $11.06 and a fifty-two week high of $23.91. The company has a market cap of $392.31 million, a price-to-earnings ratio of 57.05, a price-to-earnings-growth ratio of 10.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.49 and a quick ratio of 0.16.

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