Mullen Group (MTL) Scheduled to Post Earnings on Thursday

Mullen Group (TSE:MTL) will be posting its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Mullen Group to post earnings of C$0.37 per share for the quarter.

Mullen Group (TSE:MTL) last released its quarterly earnings data on Thursday, July 25th. The company reported C$0.37 EPS for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.07. The business had revenue of C$495.60 million during the quarter, compared to analysts’ expectations of C$490.50 million. Mullen Group had a net margin of 6.30% and a return on equity of 12.74%.

Mullen Group Stock Performance

Shares of Mullen Group stock opened at C$14.28 on Wednesday. Mullen Group has a 12 month low of C$12.47 and a 12 month high of C$15.71. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56. The company has a market capitalization of C$1.25 billion, a PE ratio of 10.66, a PEG ratio of 1.81 and a beta of 1.82. The stock’s fifty day simple moving average is C$14.31 and its 200 day simple moving average is C$13.77.

Mullen Group Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend was Monday, September 30th. Mullen Group’s dividend payout ratio (DPR) is presently 62.69%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. BMO Capital Markets raised shares of Mullen Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$14.50 to C$17.00 in a research note on Friday, July 26th. Royal Bank of Canada upped their target price on shares of Mullen Group from C$16.00 to C$17.00 in a research note on Friday, July 26th. Raymond James upped their price objective on Mullen Group from C$17.00 to C$17.25 in a research report on Tuesday, October 15th. TD Securities dropped their target price on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, Cormark upped their price target on Mullen Group from C$18.75 to C$19.50 in a research report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$18.25.

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.