Monro Muffler Brake, Inc. (NASDAQ:MNRO) declared a quarterly dividend on Friday, December 1st, Fidelity reports. Shareholders of record on Tuesday, December 12th will be paid a dividend of 0.18 per share by the auto parts company on Friday, December 22nd. This represents a $0.72 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Monday, December 11th. This is an increase from Monro Muffler Brake’s previous quarterly dividend of $0.11.

Monro Muffler Brake has raised its dividend payment by an average of 26.0% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Monro Muffler Brake has a payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Monro Muffler Brake to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 32.6%.

Shares of Monro Muffler Brake (NASDAQ:MNRO) traded up $0.25 during mid-day trading on Wednesday, reaching $52.40. The company’s stock had a trading volume of 271,200 shares, compared to its average volume of 364,490. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.28 and a current ratio of 1.00. Monro Muffler Brake has a 12 month low of $39.65 and a 12 month high of $61.75. The firm has a market cap of $1,709.06, a price-to-earnings ratio of 27.16, a P/E/G ratio of 1.91 and a beta of 0.67.

Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 10.82% and a net margin of 5.66%. The company had revenue of $278.02 million for the quarter, compared to analyst estimates of $277.06 million. During the same period in the prior year, the firm posted $0.53 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. sell-side analysts forecast that Monro Muffler Brake will post 2.02 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the company. TheStreet downgraded Monro Muffler Brake from a “b-” rating to a “c+” rating in a research note on Monday, November 13th. KeyCorp reiterated a “hold” rating on shares of Monro Muffler Brake in a research note on Tuesday, October 24th. Oppenheimer set a $70.00 price target on Monro Muffler Brake and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research downgraded Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Finally, Jefferies Group downgraded Monro Muffler Brake from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Monro Muffler Brake has a consensus rating of “Hold” and a consensus target price of $63.33.

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Monro Muffler Brake Company Profile

Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

Dividend History for Monro Muffler Brake (NASDAQ:MNRO)

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