Mullen Group (TSE:MTL – Get Free Report) is set to announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of C$0.37 per share for the quarter.
Mullen Group (TSE:MTL – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported C$0.37 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.07. The business had revenue of C$495.60 million for the quarter, compared to analysts’ expectations of C$490.50 million. Mullen Group had a return on equity of 12.74% and a net margin of 6.30%.
Mullen Group Stock Performance
MTL opened at C$14.19 on Tuesday. The stock has a market cap of C$1.25 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. The stock’s 50 day simple moving average is C$14.31 and its 200 day simple moving average is C$13.78. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$15.71.
Mullen Group Dividend Announcement
Analysts Set New Price Targets
MTL has been the topic of a number of analyst reports. Royal Bank of Canada increased their target price on Mullen Group from C$16.00 to C$17.00 in a report on Friday, July 26th. CIBC increased their target price on Mullen Group from C$15.50 to C$16.50 in a report on Friday, July 26th. Cormark increased their target price on Mullen Group from C$18.75 to C$19.50 in a report on Friday, July 26th. BMO Capital Markets upgraded Mullen Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$14.50 to C$17.00 in a report on Friday, July 26th. Finally, Raymond James increased their price target on Mullen Group from C$17.00 to C$17.25 in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$18.25.
Get 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.
Featured Articles
- Five stocks we like better than Mullen Group
- Compound Interest and Why It Matters When Investing
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- ETF Screener: Uses and Step-by-Step Guide
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- 10 Best Airline Stocks to Buy
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Receive News & Ratings for Mullen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group and related companies with MarketBeat.com's FREE daily email newsletter.