Monro Muffler Brake, Inc. (MNRO) To Go Ex-Dividend on February 24th

Monro Muffler Brake, Inc. (NASDAQ:MNRO) announced a quarterly dividend on Thursday, February 12th. Stockholders of record on Tuesday, February 24th will be paid 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 4.9%. The ex-dividend date of this dividend is Tuesday, February 24th.

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 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 $0.79 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 Price Performance

Shares of NASDAQ:MNRO opened at $22.79 on Friday. The company has a market capitalization of $684.16 million, a P/E ratio of -48.49, a price-to-earnings-growth ratio of 2.71 and a beta of 1.03. The company’s 50-day moving average is $20.84 and its 200 day moving average is $18.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.15 and a current ratio of 0.45. Monro Muffler Brake has a fifty-two week low of $12.19 and a fifty-two week high of $23.91.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 negative net margin of 1.06% and a positive return on equity of 2.69%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 earnings per share. On average, equities research analysts forecast 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.