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

Key Points

• Monro Muffler Brake, Inc. announced a quarterly dividend of $0.28 per share, with a yield of 6.8%, payable on September 9th to investors of record on August 26th.
• The company has a high dividend payout ratio of 131.8%, indicating it relies on its balance sheet rather than earnings to cover its dividend payments.
• Monro Muffler Brake reported a positive EPS of $0.22 for the last quarter, surpassing expectations, but is projected to face difficulties covering its annual dividend due to a lower anticipated earnings per share of $0.79 next year.

Monro Muffler Brake, Inc. (NASDAQ:MNRO - Get Free Report) announced a quarterly dividend on Tuesday, August 12th, RTT News reports. Stockholders of record on Tuesday, August 26th will be paid a dividend of 0.28 per share by the auto parts company on Tuesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Tuesday, August 26th.

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. Equities 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 Trading Down 1.0%

Shares of MNRO traded down $0.16 during mid-day trading on Monday, hitting $15.54. 568,796 shares of the company's stock traded hands, compared to its average volume of 1,203,195. The company has a quick ratio of 0.16, a current ratio of 0.50 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $465.89 million, a P/E ratio of -23.19, a PEG ratio of 1.43 and a beta of 0.97. The business's 50-day moving average price is $15.30 and its 200-day moving average price is $15.63. Monro Muffler Brake has a 1 year low of $12.19 and a 1 year high of $30.18.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.05. Monro Muffler Brake had a negative net margin of 1.59% and a positive return on equity of 2.49%. The business had revenue of $301.04 million for the quarter, compared to the consensus estimate of $295.05 million. During the same period in the previous year, the firm earned $0.22 EPS. The company's quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Monro Muffler Brake will post 0.63 EPS for the current fiscal year.

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.