Analysts Offer Predictions for Mullen Group FY2024 Earnings

Mullen Group Ltd. (TSE:MTL) – Stock analysts at Scotiabank boosted their FY2024 earnings 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 of $1.27 per share for the year, up from their previous forecast of $1.20. Scotiabank also issued estimates for Mullen Group’s FY2025 earnings at $1.20 EPS and FY2026 earnings at $1.25 EPS.

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

Mullen Group Trading Up 0.8 %

Mullen Group stock opened at C$14.72 on Monday. The stock has a 50-day simple moving average of C$15.17 and a 200 day simple moving average of C$14.38. The stock has a market capitalization of C$1.29 billion, a P/E ratio of 10.99, a PEG ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.06 and a current ratio of 0.75. Mullen Group has a 52 week low of C$12.47 and a 52 week high of C$16.06.

Mullen Group Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.07 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.71%. Mullen Group’s payout ratio is 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.