Monro, Inc. (MNRO) To Go Ex-Dividend on August 27th

Monro, Inc. (NASDAQ:MNRO) declared a quarterly dividend on Tuesday, August 13th, Zacks reports. Stockholders of record on Tuesday, August 27th will be paid a dividend of 0.28 per share by the auto parts company on Tuesday, September 10th. This represents a $1.12 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Tuesday, August 27th.

Monro has increased its dividend payment by an average of 8.4% per year over the last three years and has raised its dividend annually for the last 19 consecutive years. Monro has a payout ratio of 96.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Monro to earn $1.12 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 100.0%.

Monro Price Performance

NASDAQ MNRO opened at $27.48 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.22 and a current ratio of 0.59. The business’s fifty day moving average is $24.95 and its 200 day moving average is $27.58. The company has a market capitalization of $822.23 million, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.71 and a beta of 1.12. Monro has a fifty-two week low of $21.00 and a fifty-two week high of $34.59.

Monro (NASDAQ:MNRO) last released its earnings results on Wednesday, July 31st. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.21. Monro had a net margin of 2.78% and a return on equity of 5.90%. The company had revenue of $293.20 million during the quarter, compared to analyst estimates of $293.70 million. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. Sell-side analysts predict that Monro will post 0.71 earnings per share for the current year.

Monro 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.