FY2024 EPS Forecast for Mullen Group Increased by Analyst

Mullen Group Ltd. (TSE:MTL) – Investment analysts at Scotiabank boosted their FY2024 earnings per share (EPS) estimates for shares of Mullen Group in a research note issued on Wednesday, January 8th. Scotiabank analyst K. Gupta now anticipates that the company will post earnings of $1.27 per share for the year, up from their previous estimate of $1.20. Scotiabank also issued estimates for Mullen Group’s FY2025 earnings at $1.20 EPS and FY2026 earnings at $1.25 EPS.

Several other equities analysts have also issued reports on MTL. National Bankshares boosted their price target on shares of Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. Cormark decreased their target price on Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th. CIBC raised their price target on Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. Raymond James decreased their price objective on Mullen Group from C$18.75 to C$18.50 in a research report on Tuesday, December 10th. Finally, BMO Capital Markets raised their target price on shares of Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$18.97.

Mullen Group Stock Up 0.8 %

Mullen Group stock opened at C$14.72 on Monday. The firm has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.81 and a beta of 1.82. The company’s 50 day simple moving average is C$15.17 and its 200 day simple moving average is C$14.38. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.06.

Mullen Group Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend was Thursday, October 31st. 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.