Q2 2022 Earnings Forecast for Mullen Group Ltd. (TSE:MTL) Issued By National Bank Financial

Mullen Group Ltd. (TSE:MTL – Get Rating) – Equities researchers at National Bank Financial raised their Q2 2022 earnings per share (EPS) estimates for Mullen Group in a report issued on Thursday, April 21st. National Bank Financial analyst M. Robertson now forecasts that the company will post earnings of $0.27 per share for the quarter, up from their prior forecast of $0.22. National Bank Financial also issued estimates for Mullen Group’s Q3 2022 earnings at $0.24 EPS.

MTL has been the subject of a number of other reports. Royal Bank of Canada lifted their target price on Mullen Group from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday. CIBC lifted their target price on Mullen Group from C$13.50 to C$14.00 and gave the company a “neutral” rating in a research note on Friday. Cormark lifted their target price on Mullen Group from C$17.00 to C$18.00 and gave the company a “buy” rating in a research note on Friday. Raymond James set a C$14.50 target price on Mullen Group and gave the company an “outperform” rating in a research note on Thursday. Finally, Scotiabank lifted their target price on Mullen Group from C$15.50 to C$16.00 in a research note on Friday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$15.90.

Shares of MTL stock opened at C$13.04 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.20 and a debt-to-equity ratio of 83.87. The business has a 50 day moving average of C$12.79 and a two-hundred day moving average of C$12.36. Mullen Group has a 52 week low of C$11.00 and a 52 week high of C$14.48. The company has a market cap of C$1.21 billion and a P/E ratio of 17.39.

Mullen Group (TSE:MTL – Get Rating) last posted its quarterly earnings results on Wednesday, February 9th. The company reported C$0.22 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.19 by C$0.03. The firm had revenue of C$441.90 million during the quarter, compared to analyst estimates of C$423.40 million.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 16th. Stockholders of record on Saturday, April 30th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, April 28th. This represents a $0.60 annualized dividend and a dividend yield of 4.60%. Mullen Group’s dividend payout ratio is presently 68.00%.

Mullen Group Company Profile (Get Rating)

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The company operates in four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products.

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