Mullen Group (MTL) to Release Earnings on Thursday

Mullen Group (TSE:MTL) will be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Mullen Group to post earnings of C$0.30 per share for the quarter.

Mullen Group (TSE:MTL) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.34 EPS for the quarter, beating the consensus estimate of C$0.32 by C$0.02. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. The business had revenue of C$498.60 million during the quarter, compared to analyst estimates of C$500.00 million.

Mullen Group Stock Performance

Shares of TSE:MTL opened at C$14.38 on Tuesday. The firm has a fifty day simple moving average of C$14.74 and a two-hundred day simple moving average of C$14.20. The company has a quick ratio of 1.06, a current ratio of 0.76 and a debt-to-equity ratio of 78.38. The stock has a market capitalization of C$1.27 billion, a P/E ratio of 9.92, a PEG ratio of 1.81 and a beta of 1.79. Mullen Group has a 52 week low of C$12.82 and a 52 week high of C$16.43.

Mullen Group Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.72 annualized dividend and a yield of 5.01%. Mullen Group’s dividend payout ratio is currently 49.66%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MTL. Raymond James raised their price objective on Mullen Group from C$16.00 to C$17.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. BMO Capital Markets raised their target price on shares of Mullen Group from C$15.00 to C$16.00 in a research report on Friday, February 2nd. National Bankshares boosted their price target on Mullen Group from C$19.00 to C$19.50 and gave the company an “outperform” rating in a report on Friday, February 16th. CIBC raised Mullen Group from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$16.50 to C$17.00 in a research report on Friday, February 16th. Finally, Royal Bank of Canada raised Mullen Group from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$15.00 to C$17.00 in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mullen Group presently has an average rating of “Moderate Buy” and a consensus price target of C$18.61.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.