Mullen Group (MTL) Set to Announce Quarterly Earnings on Thursday

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

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

Mullen Group Price Performance

TSE:MTL opened at C$14.57 on Wednesday. The firm has a market cap of C$1.28 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 1.81 and a beta of 1.79. Mullen Group has a 12 month low of C$12.82 and a 12 month high of C$16.43. 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 company’s 50-day moving average price is C$14.72 and its two-hundred day moving average price is C$14.21.

Mullen Group Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, April 15th. Stockholders 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 4.94%. Mullen Group’s payout ratio is 49.66%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Royal Bank of Canada upgraded shares of Mullen Group from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$15.00 to C$17.00 in a report on Monday, January 22nd. Scotiabank increased their price objective on shares of Mullen Group from C$19.50 to C$20.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Raymond James increased their price objective on shares of Mullen Group from C$16.00 to C$17.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Acumen Capital cut their price objective on shares of Mullen Group from C$19.50 to C$19.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Finally, National Bankshares increased their price objective on shares of Mullen Group from C$19.00 to C$19.50 and gave the company an “outperform” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Mullen Group presently has a consensus 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.