FY2024 EPS Estimates for Mullen Group Lifted by Analyst

Mullen Group Ltd. (TSE:MTLFree Report) – Research analysts at Scotiabank upped their FY2024 EPS estimates for shares of Mullen Group in a report released on Wednesday, January 8th. Scotiabank analyst K. Gupta now forecasts that the company will post earnings per share of $1.27 for the year, up from their previous estimate of $1.20. Scotiabank also issued estimates for Mullen Group’s FY2025 earnings at $1.20 EPS and FY2026 earnings at $1.25 EPS.

MTL has been the subject of a number of other research reports. BMO Capital Markets raised their target price on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Cormark cut their price target on Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. CIBC boosted their price objective on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. Raymond James decreased their price target on shares of Mullen Group from C$18.75 to C$18.50 in a research note on Tuesday, December 10th. Finally, National Bankshares raised their price objective on Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Mullen Group has an average rating of “Moderate Buy” and an average target price of C$18.97.

Read Our Latest Stock Report on Mullen Group

Mullen Group Trading Up 0.8 %

TSE:MTL opened at C$15.02 on Monday. The business’s 50-day simple moving average is C$15.16 and its 200-day simple moving average is C$14.40. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.06. The stock has a market capitalization of C$1.32 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82.

Mullen Group Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.07 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 5.59%. Mullen Group’s payout ratio is currently 62.69%.

Mullen Group Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Mullen Group (TSE:MTL)

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