Mullen Group (MTL) to Release Quarterly Earnings on Thursday

Mullen Group (TSE:MTLGet Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, February 15th. Analysts expect Mullen Group to post earnings of C$0.32 per share for the quarter.

Mullen Group Price Performance

MTL stock opened at C$15.47 on Tuesday. Mullen Group has a 52 week low of C$12.82 and a 52 week high of C$16.43. The company has a quick ratio of 1.06, a current ratio of 1.28 and a debt-to-equity ratio of 84.17. The company has a fifty day simple moving average of C$14.31 and a two-hundred day simple moving average of C$14.06. The firm has a market capitalization of C$1.37 billion, a P/E ratio of 8.84, a price-to-earnings-growth ratio of 1.81 and a beta of 1.77.

Mullen Group Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.72 annualized dividend and a yield of 4.65%. Mullen Group’s dividend payout ratio (DPR) is currently 41.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MTL shares. CIBC raised their target price on shares of Mullen Group from C$16.00 to C$16.50 in a report on Friday, January 19th. BMO Capital Markets raised their target price on shares of Mullen Group from C$15.00 to C$16.00 in a report on Friday, February 2nd. TD Securities set a C$16.75 target price on shares of Mullen Group and gave the stock a “market perform” rating in a report on Tuesday, January 16th. Cormark set a C$19.50 target price on shares of Mullen Group in a report on Monday, January 22nd. Finally, Scotiabank raised their target price on shares of Mullen Group from C$19.00 to C$19.50 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$17.97.

View Our Latest Analysis on Mullen Group

Mullen Group Company Profile

(Get Free Report)

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 ecommerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation management, inventory management, and warehouse management systems; and warehousing and distribution services.

See Also

Earnings History for Mullen Group (TSE:MTL)

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