Brokers Set Expectations for Mullen Group FY2025 Earnings

Mullen Group Ltd. (TSE:MTL) – Equities researchers at Raymond James cut their FY2025 earnings per share estimates for shares of Mullen Group in a report issued on Thursday, February 13th. Raymond James analyst M. Barth now expects that the company will earn $1.04 per share for the year, down from their prior estimate of $1.17. Raymond James also issued estimates for Mullen Group’s FY2026 earnings at $1.27 EPS.

A number of other equities research analysts also recently issued reports on the company. National Bankshares increased their price objective on Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. Scotiabank lowered their price target on Mullen Group from C$20.00 to C$19.00 in a report on Thursday, January 30th. CIBC boosted their price objective on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. Cormark decreased their price objective on shares of Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. Finally, BMO Capital Markets lifted their target price on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$18.84.

Mullen Group Price Performance

MTL stock opened at C$13.72 on Monday. The firm has a 50 day moving average of C$14.68 and a 200-day moving average of C$14.67. The firm has a market capitalization of C$1.22 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. Mullen Group has a 12 month low of C$12.47 and a 12 month high of C$16.06.

Mullen Group Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were paid a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend was Friday, January 31st. Mullen Group’s dividend payout ratio is currently 60.92%.

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.