Mullen Group Ltd. (TSE:MTL) to Post Q2 2024 Earnings of $0.29 Per Share, National Bank Financial Forecasts

Mullen Group Ltd. (TSE:MTL) – Investment analysts at National Bank Financial issued their Q2 2024 earnings estimates for Mullen Group in a research note issued on Thursday, April 25th. National Bank Financial analyst C. Doerksen anticipates that the company will post earnings per share of $0.29 for the quarter. The consensus estimate for Mullen Group’s current full-year earnings is $1.35 per share.

A number of other equities research analysts have also recently issued reports on MTL. Royal Bank of Canada dropped their price objective on Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Cormark increased their price target on shares of Mullen Group from C$19.50 to C$20.00 in a research note on Friday, February 16th. Scotiabank decreased their price objective on shares of Mullen Group from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. CIBC dropped their target price on shares of Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, TD Securities lifted their price target on Mullen Group from C$21.00 to C$22.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$17.89.

Mullen Group Stock Performance

Shares of TSE MTL opened at C$12.78 on Monday. 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 has a 50 day moving average price of C$14.61 and a 200 day moving average price of C$14.20. The stock has a market capitalization of C$1.12 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 1.81 and a beta of 1.79. Mullen Group has a 52 week low of C$12.76 and a 52 week high of C$16.43.

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

Mullen Group Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.72 annualized dividend and a yield of 5.63%. Mullen Group’s dividend payout ratio (DPR) is presently 49.66%.

About Mullen Group

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.