Mullen Group Ltd. (TSE:MTL) – Investment analysts at Raymond James increased their FY2021 earnings per share (EPS) estimates for Mullen Group in a research note issued on Thursday, April 22nd. Raymond James analyst A. Bradford now expects that the company will post earnings of $0.68 per share for the year, up from their previous forecast of $0.64. Raymond James has a “Market Perform” rating and a $12.50 price target on the stock.
Mullen Group (TSE:MTL) last released its quarterly earnings data on Wednesday, February 10th. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.14 by C($0.04). The firm had revenue of C$297.70 million for the quarter, compared to analysts’ expectations of C$296.30 million.
MTL has been the subject of several other reports. Cormark boosted their price objective on shares of Mullen Group from C$14.25 to C$15.50 and gave the company a “na” rating in a report on Tuesday. TD Securities boosted their price objective on shares of Mullen Group from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Thursday. CIBC upped their target price on shares of Mullen Group from C$13.50 to C$14.25 and gave the company an “outperform” rating in a report on Monday. Canaccord Genuity upped their target price on shares of Mullen Group from C$10.50 to C$11.50 in a report on Thursday, January 7th. Finally, National Bank Financial upped their target price on shares of Mullen Group to C$15.25 and gave the company an “outperform” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Mullen Group presently has an average rating of “Buy” and a consensus price target of C$14.25.
MTL opened at C$13.20 on Friday. The company has a quick ratio of 2.86, a current ratio of 3.30 and a debt-to-equity ratio of 67.25. The firm has a 50 day moving average price of C$12.25 and a 200-day moving average price of C$10.81. Mullen Group has a twelve month low of C$4.76 and a twelve month high of C$13.85. The stock has a market capitalization of C$1.28 billion and a price-to-earnings ratio of 18.01.
The company also recently announced a monthly dividend, which will be paid on Monday, May 17th. Investors of record on Friday, April 30th will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 3.64%. The ex-dividend date is Thursday, April 29th. Mullen Group’s dividend payout ratio is currently 65.48%.
Mullen Group Company Profile
Mullen Group Ltd. provides trucking and logistics services in Canada and the United States. The company operates through three segments: Less-Than-Truckload, Logistics & Warehousing, and Specialized & Industrial Services. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products.
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