Analysts Offer Predictions for Mullen Group FY2024 Earnings

Mullen Group Ltd. (TSE:MTL - Free Report) - Investment analysts at Raymond James cut their FY2024 earnings per share (EPS) estimates for Mullen Group in a research note issued on Monday, December 9th. Raymond James analyst M. Barth now expects that the company will post earnings of $1.25 per share for the year, down from their previous forecast of $1.32. Raymond James also issued estimates for Mullen Group's FY2025 earnings at $1.19 EPS and FY2026 earnings at $1.45 EPS.

Several other equities research analysts have also commented on MTL. National Bankshares lifted their price target on shares of Mullen Group from C$18.00 to C$19.00 in a research note on Monday. CIBC boosted their target price on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. TD Securities dropped their price target on Mullen Group from C$22.00 to C$21.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th. Cormark reduced their price objective on Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday. Finally, BMO Capital Markets increased their price objective on Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$18.97.

Mullen Group Stock Down 0.1 %

Shares of TSE:MTL traded down C$0.01 during trading on Thursday, hitting C$15.42. 124,416 shares of the company were exchanged, compared to its average volume of 185,585. The firm's 50 day moving average price is C$15.03 and its 200-day moving average price is C$14.11. Mullen Group has a 12-month low of C$12.47 and a 12-month high of C$16.06. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. The stock has a market capitalization of C$1.35 billion, a P/E ratio of 11.51, a PEG ratio of 1.81 and a beta of 1.82.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend was Thursday, October 31st. Mullen Group's dividend payout ratio is presently 62.69%.

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.