Monro, Inc. (NASDAQ:MNRO - Get Free Report) announced a quarterly dividend on Friday, February 14th,RTT News reports. Investors of record on Tuesday, February 25th will be paid a dividend of 0.28 per share by the auto parts company on Tuesday, March 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date is Tuesday, February 25th.
Monro has raised its dividend payment by an average of 4.6% per year over the last three years. Monro has a payout ratio of 140.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Monro 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 Trading Down 1.7 %
NASDAQ:MNRO traded down $0.34 on Tuesday, reaching $19.44. The company's stock had a trading volume of 952,020 shares, compared to its average volume of 796,130. Monro has a 1-year low of $18.29 and a 1-year high of $33.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. The firm has a market cap of $582.21 million, a PE ratio of 30.38, a PEG ratio of 2.11 and a beta of 1.08. The business's 50-day moving average price is $22.59 and its two-hundred day moving average price is $25.68.
Monro (NASDAQ:MNRO - Get Free Report) last posted its earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). Monro had a net margin of 1.64% and a return on equity of 3.76%. Equities research analysts anticipate that Monro will post 0.63 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
MNRO has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Monro from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Monday, January 27th. Wedbush reissued an "outperform" rating and issued a $31.00 target price on shares of Monro in a research note on Wednesday, December 18th.
Read Our Latest Stock Report on MNRO
About Monro
(
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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.
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