Mullen Group (TSE:MTL – Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Mullen Group to post earnings of C$0.30 per share for the quarter.
Mullen Group (TSE:MTL – Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported C$0.34 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.32 by C$0.02. The business had revenue of C$498.60 million during the quarter, compared to analyst estimates of C$500.00 million. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%.
Mullen Group Stock Down 2.6 %
Shares of MTL stock opened at C$14.31 on Thursday. The company has a debt-to-equity ratio of 78.38, a current ratio of 0.76 and a quick ratio of 1.06. Mullen Group has a one year low of C$12.82 and a one year high of C$16.43. The company’s fifty day moving average price is C$14.80 and its 200-day moving average price is C$14.17. The company has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.81 and a beta of 1.79.
Mullen Group Announces Dividend
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Raymond James lifted their target price on Mullen Group from C$16.00 to C$17.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. CIBC raised shares of Mullen Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$16.50 to C$17.00 in a report on Friday, February 16th. Cormark boosted their target price on shares of Mullen Group from C$19.50 to C$20.00 in a report on Friday, February 16th. National Bankshares raised their target price on shares of Mullen Group from C$19.00 to C$19.50 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Scotiabank lifted their price target on shares of Mullen Group from C$19.50 to C$20.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Mullen Group has a consensus rating of “Moderate Buy” and an average target price of C$18.61.
Read Our Latest Analysis on MTL
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.
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