Mullen Group (MTL) to Release Quarterly Earnings on Thursday

Mullen Group (TSE:MTL) will release its earnings data 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 issued its earnings results on Thursday, February 15th. The company reported C$0.34 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.32 by C$0.02. The business had revenue of C$498.60 million during the quarter, compared to the consensus estimate of C$500.00 million. Mullen Group had a return on equity of 14.03% and a net margin of 6.85%.

Mullen Group Price Performance

Mullen Group stock opened at C$14.31 on Thursday. The stock has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 9.87, 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. The company has a debt-to-equity ratio of 78.38, a quick ratio of 1.06 and a current ratio of 0.76. The stock’s 50 day moving average price is C$14.80 and its two-hundred day moving average price is C$14.17.

Mullen Group Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.03%. Mullen Group’s payout ratio is presently 49.66%.

Analyst Ratings Changes

Several equities research analysts have weighed in on MTL shares. Scotiabank lifted their price target on shares of Mullen Group from C$19.50 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. CIBC raised shares of Mullen Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$16.50 to C$17.00 in a research report on Friday, February 16th. TD Securities upped their price objective on shares of Mullen Group from C$21.00 to C$22.00 and gave the stock a “buy” rating in a report on Friday, February 16th. BMO Capital Markets lifted their price objective on shares of Mullen Group from C$15.00 to C$16.00 in a report on Friday, February 2nd. Finally, National Bankshares upped their target price on shares of Mullen Group from C$19.00 to C$19.50 and gave the stock an “outperform” rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.