National Bank Financial Weighs in on Mullen Group Q4 Earnings

Mullen Group Ltd. (TSE:MTL - Free Report) - Stock analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for Mullen Group in a research note issued on Thursday, October 24th. National Bank Financial analyst C. Doerksen anticipates that the company will earn $0.27 per share for the quarter.

Other equities research analysts have also issued research reports about the company. Raymond James upped their price objective on Mullen Group from C$17.25 to C$18.75 in a research report on Friday. Royal Bank of Canada increased their price target on shares of Mullen Group from C$16.00 to C$17.00 in a report on Friday, July 26th. Cormark lifted their price objective on shares of Mullen Group from C$18.75 to C$19.50 in a report on Friday, July 26th. BMO Capital Markets increased their target price on shares of Mullen Group from C$17.00 to C$20.00 in a research note on Friday. Finally, CIBC lifted their price target on Mullen Group from C$16.50 to C$17.50 in a research note on Friday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$18.86.

Mullen Group Stock Performance

Shares of MTL stock traded down C$0.14 on Monday, hitting C$15.12. The company had a trading volume of 214,149 shares, compared to its average volume of 195,205. The firm has a market cap of C$1.33 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. Mullen Group has a twelve month low of C$12.47 and a twelve month high of C$15.72. The company has a 50-day moving average price of C$14.33 and a 200-day moving average price of C$13.78. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56.

Mullen Group (TSE:MTL - Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported C$0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.30 by C$0.07. The company had revenue of C$495.60 million for the quarter, compared to analyst estimates of C$490.50 million. Mullen Group had a return on equity of 12.74% and a net margin of 6.30%.

Mullen Group Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend is Thursday, October 31st. Mullen Group's dividend payout ratio (DPR) is 62.69%.

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.