National Bank Financial Predicts Mullen Group Q4 Earnings

Mullen Group Ltd. (TSE:MTL) – Stock analysts at National Bank Financial issued their Q4 2024 earnings estimates for shares of Mullen Group in a research report issued to clients and investors on Thursday, October 24th. National Bank Financial analyst C. Doerksen anticipates that the company will earn $0.27 per share for the quarter.

Mullen Group (TSE:MTL) last released its quarterly 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. The company had revenue of C$495.60 million during the quarter, compared to analysts’ expectations of C$490.50 million. Mullen Group had a net margin of 6.30% and a return on equity of 12.74%.

Several other brokerages also recently commented on MTL. Royal Bank of Canada upped their price target on Mullen Group from C$16.00 to C$17.00 in a report on Friday, July 26th. BMO Capital Markets upped their target price on shares of Mullen Group from C$17.00 to C$20.00 in a research note on Friday. Raymond James raised their price target on shares of Mullen Group from C$17.25 to C$18.75 in a research report on Friday. Cormark upped their price objective on shares of Mullen Group from C$18.75 to C$19.50 in a research report on Friday, July 26th. Finally, TD Securities reduced their price objective on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.86.

Mullen Group Price Performance

TSE MTL opened at C$15.26 on Monday. The stock has a 50-day simple moving average of C$14.33 and a 200 day simple moving average of C$13.78. Mullen Group has a twelve month low of C$12.47 and a twelve month high of C$15.72. The stock has a market capitalization of C$1.34 billion, a PE ratio of 11.39, a P/E/G 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders 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 dividend yield of 5.50%. The ex-dividend date of this dividend is Thursday, October 31st. Mullen Group’s dividend payout ratio (DPR) is currently 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.