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 given a dividend of 0.06 per share on Wednesday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Monday, April 29th.

Mullen Group Price Performance

Mullen Group stock opened at C$13.10 on Friday. The firm has a market cap of C$1.15 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 1.81 and a beta of 1.79. Mullen Group has a one year low of C$12.82 and a one year high of C$16.43. The company has a debt-to-equity ratio of 78.38, a current ratio of 0.76 and a quick ratio of 1.06. The stock’s fifty day moving average price is C$14.68 and its two-hundred day moving average price is C$14.20.

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

Wall Street Analysts Forecast Growth

MTL has been the subject of several recent analyst reports. CIBC reduced their target price on shares of Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research note on Friday. Cormark upped their price objective on shares of Mullen Group from C$19.50 to C$20.00 in a research report on Friday, February 16th. TD Securities lifted their target price on shares of Mullen Group from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. National Bankshares decreased their price target on Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Raymond James cut their price objective on Mullen Group from C$17.00 to C$16.50 and set a “market perform” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$17.89.

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.