Mullen Group Ltd. (TSE:MTL - Get Free Report) announced a monthly dividend on Tuesday, October 22nd, Zacks reports. Investors of record on Thursday, October 31st will be given a dividend of 0.07 per share on Friday, November 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date is Thursday, October 31st.
Mullen Group Price Performance
MTL stock traded up C$1.32 on Thursday, reaching C$15.51. The company had a trading volume of 1,074,155 shares, compared to its average volume of 193,651. Mullen Group has a 1 year low of C$12.47 and a 1 year high of C$15.71. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.06 and a current ratio of 0.75. The company's fifty day moving average is C$14.31 and its 200 day moving average is C$13.78. The company has a market cap of C$1.36 billion, a P/E ratio of 11.49, a PEG ratio of 1.81 and a beta of 1.82.
Mullen Group (TSE:MTL - Get Free Report) last posted its earnings results on Thursday, July 25th. The company reported C$0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.30 by C$0.07. Mullen Group had a return on equity of 12.74% and a net margin of 6.30%. The firm had revenue of C$495.60 million for the quarter, compared to analyst estimates of C$490.50 million.
Analysts Set New Price Targets
Several research analysts recently weighed in on MTL shares. Raymond James increased their target price on Mullen Group from C$17.00 to C$17.25 in a research report on Tuesday, October 15th. Cormark increased their target price on Mullen Group from C$18.75 to C$19.50 in a research report on Friday, July 26th. CIBC increased their target price on Mullen Group from C$15.50 to C$16.50 in a research report on Friday, July 26th. Royal Bank of Canada increased their target price on Mullen Group from C$16.00 to C$17.00 in a research report on Friday, July 26th. Finally, TD Securities cut their target price on Mullen Group from C$22.00 to C$21.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Mullen Group has a consensus rating of "Moderate Buy" and a consensus target price of C$18.25.
View Our Latest Stock Report on MTL
About Mullen Group
(
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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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