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

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 is Tuesday, August 25th.

Monro Muffler Brake has increased its dividend by an average of 0.0%per year 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. Research 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 Down 1.8%

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

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

Analyst Ratings Changes

A number of brokerages recently commented on MNRO. Wall Street Zen downgraded shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Weiss Ratings raised Monro Muffler Brake from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Zacks Research upgraded Monro Muffler Brake from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Wells Fargo & Company lowered their price objective on Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, June 11th. Finally, Stephens dropped their target price on Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.33.

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.