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

Monro Muffler Brake, Inc. (NASDAQ:MNRO) declared a quarterly dividend on Tuesday, November 18th. Stockholders of record on Tuesday, December 2nd will be given a dividend of 0.28 per share by the auto parts company on Tuesday, December 16th. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, December 2nd.

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 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 Up 6.8%

Shares of Monro Muffler Brake stock opened at $18.18 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.48 and a debt-to-equity ratio of 0.44. Monro Muffler Brake has a 12 month low of $12.19 and a 12 month high of $28.73. The business has a fifty day simple moving average of $17.48 and a 200 day simple moving average of $16.02. The stock has a market cap of $545.76 million, a PE ratio of -27.13, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Wednesday, October 29th. The auto parts company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Monro Muffler Brake had a positive return on equity of 2.77% and a negative net margin of 1.60%.The firm had revenue of $288.91 million for the quarter, compared to analyst estimates of $299.04 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Research analysts predict that Monro Muffler Brake will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MNRO shares. Wall Street Zen downgraded shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Monro Muffler Brake in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price objective on Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.67.

Monro Muffler Brake Company Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.