Mullen Group Ltd. (MTL) To Go Ex-Dividend on April 29th

Mullen Group Ltd. (TSE:MTL) declared a monthly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.06 per share on Wednesday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend is Monday, April 29th.

Mullen Group Stock Down 8.9 %

Shares of MTL stock traded down C$1.29 on Thursday, hitting C$13.14. The stock had a trading volume of 508,959 shares, compared to its average volume of 139,278. The firm has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 9.08, a P/E/G ratio of 1.81 and a beta of 1.79. The stock’s 50 day moving average is C$14.72 and its 200-day moving average is C$14.21. The company has a debt-to-equity ratio of 78.38, a quick ratio of 1.06 and a current ratio of 0.76. Mullen Group has a 52-week low of C$12.82 and a 52-week high of C$16.43.

Mullen Group (TSE:MTL) last announced its earnings results on Thursday, February 15th. The company reported C$0.34 earnings per share for the quarter, beating the consensus estimate of C$0.32 by C$0.02. The business had revenue of C$498.60 million during the quarter, compared to the consensus estimate of C$500.00 million. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. As a group, research analysts expect that Mullen Group will post 1.3498623 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on MTL shares. Cormark raised their price objective on shares of Mullen Group from C$19.50 to C$20.00 in a report on Friday, February 16th. Scotiabank raised their price objective on shares of Mullen Group from C$19.50 to C$20.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. TD Securities raised their price objective on shares of Mullen Group from C$21.00 to C$22.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Royal Bank of Canada raised shares of Mullen Group from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$15.00 to C$17.00 in a report on Monday, January 22nd. Finally, National Bankshares lifted their price target on shares of Mullen Group from C$19.00 to C$19.50 and gave the company an “outperform” rating in a report on Friday, February 16th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Mullen Group presently has a consensus rating of “Moderate Buy” and an average price target of C$18.61.

About Mullen Group

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.