Monro Muffler Brake, Inc. (MNRO) To Go Ex-Dividend on August 25th

Monro Muffler Brake, Inc. (NASDAQ:MNRO) declared a quarterly dividend on Thursday, August 13th. Investors of record on Tuesday, August 25th will be paid 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 yield of 9.8%. The ex-dividend date of this dividend is Tuesday, August 25th.

Monro Muffler Brake has increased its dividend by an average of 0.0%annually 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. Equities 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 Price Performance

Shares of Monro Muffler Brake stock opened at $11.48 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.49 and a quick ratio of 0.16. The company has a market cap of $358.86 million, a PE ratio of 52.18, a price-to-earnings-growth ratio of 9.39 and a beta of 1.05. The firm has a fifty day moving average price of $15.38 and a two-hundred day moving average price of $17.00. Monro Muffler Brake has a fifty-two week low of $11.06 and a fifty-two week high of $23.91.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, July 29th. The auto parts company reported ($0.09) earnings per share (EPS) 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 company had revenue of $287.13 million for the quarter, compared to the consensus estimate of $286.30 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Analysts expect that Monro Muffler Brake will post 0.08 EPS for the current year.

Institutional Trading of Monro Muffler Brake

A number of large investors have recently bought and sold shares of MNRO. Goldman Sachs Group Inc. lifted its holdings in shares of Monro Muffler Brake by 11.1% during the first quarter. Goldman Sachs Group Inc. now owns 688,075 shares of the auto parts company’s stock valued at $9,956,000 after acquiring an additional 68,862 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Monro Muffler Brake during the 1st quarter worth about $559,000. Jane Street Group LLC increased its position in shares of Monro Muffler Brake by 85.2% during the 1st quarter. Jane Street Group LLC now owns 79,839 shares of the auto parts company’s stock worth $1,155,000 after purchasing an additional 36,734 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Monro Muffler Brake by 19.1% during the 1st quarter. SG Americas Securities LLC now owns 147,901 shares of the auto parts company’s stock valued at $2,372,000 after purchasing an additional 23,679 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Monro Muffler Brake by 139.8% in the first quarter. Royal Bank of Canada now owns 27,904 shares of the auto parts company’s stock valued at $404,000 after buying an additional 16,268 shares in the last quarter.

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.