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

Monro Muffler Brake, Inc. (NASDAQ:MNRO) declared a quarterly dividend on Wednesday, May 27th. Investors of record on Tuesday, June 2nd will be paid a dividend of 0.28 per share by the auto parts company on Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, June 2nd.

Monro Muffler Brake has raised its dividend payment 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. 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 traded down $0.34 during trading hours 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 quick ratio of 0.15 and a current ratio of 0.45. The firm has a market cap 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. The company’s fifty day simple moving average is $16.42 and its 200 day simple moving average is $18.71. Monro Muffler Brake has a 12-month low of $12.26 and a 12-month high of $23.91.

Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Wednesday, May 27th. The auto parts company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.12). The firm had revenue of $273.84 million during the quarter, compared to analysts’ expectations of $283.48 million. Monro Muffler Brake had a positive return on equity of 2.69% and a negative net margin of 1.06%.The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the business posted ($0.09) earnings per share. Equities research analysts forecast that Monro Muffler Brake will post 0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MNRO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Monro Muffler Brake in a research report on Tuesday, April 21st. Oppenheimer raised Monro Muffler Brake from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Monro Muffler Brake currently has an average rating of “Hold” and an average price target of $28.00.

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.