Mullen Group Ltd. to Post FY2023 Earnings of $1.15 Per Share, National Bank Financial Forecasts (TSE:MTL)

Mullen Group Ltd. (TSE:MTL – Get Rating) – Analysts at National Bank Financial issued their FY2023 earnings per share (EPS) estimates for Mullen Group in a note issued to investors on Monday, March 13th. National Bank Financial analyst C. Doerksen expects that the company will earn $1.15 per share for the year. National Bank Financial currently has a “Outperfrom Under Weight” rating on the stock. The consensus estimate for Mullen Group’s current full-year earnings is $1.21 per share.

Several other research analysts also recently issued reports on the stock. BMO Capital Markets downgraded shares of Mullen Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$17.00 to C$15.00 in a report on Tuesday, January 17th. Cormark cut their price target on Mullen Group from C$19.00 to C$17.00 in a report on Tuesday, January 17th. National Bankshares set a C$18.50 price objective on Mullen Group and gave the stock an “outperform” rating in a report on Tuesday. Raymond James lowered their price objective on Mullen Group from C$18.00 to C$17.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, January 17th. Finally, Scotiabank raised Mullen Group from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$16.00 to C$17.50 in a research report on Monday, January 23rd. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mullen Group currently has an average rating of “Moderate Buy” and an average price target of C$16.45.

Mullen Group Price Performance

TSE:MTL opened at C$14.85 on Thursday. The company has a debt-to-equity ratio of 73.17, a current ratio of 1.64 and a quick ratio of 1.06. Mullen Group has a one year low of C$10.83 and a one year high of C$15.98. The company has a fifty day moving average price of C$14.41 and a 200 day moving average price of C$14.54. The stock has a market cap of C$1.37 billion, a P/E ratio of 8.81, a PEG ratio of 1.81 and a beta of 1.76.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were given a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend was Monday, February 27th. Mullen Group’s dividend payout ratio (DPR) is 43.37%.

About Mullen Group

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Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The company operates in four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products.