FY2025 EPS Estimates for Mullen Group Cut by Raymond James

Mullen Group Ltd. (TSE:MTL) – Stock analysts at Raymond James dropped their FY2025 earnings estimates for shares of Mullen Group in a research report issued on Tuesday, October 15th. Raymond James analyst M. Barth now anticipates that the company will earn $1.15 per share for the year, down from their previous forecast of $1.17. Raymond James also issued estimates for Mullen Group’s FY2026 earnings at $1.31 EPS.

Mullen Group (TSE:MTL) last announced its earnings results on Thursday, July 25th. The company reported C$0.37 EPS for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.07. The business had revenue of C$495.60 million during the quarter, compared to analysts’ expectations of C$490.50 million. Mullen Group had a net margin of 6.30% and a return on equity of 12.74%.

MTL has been the subject of several other research reports. Cormark boosted their price target on Mullen Group from C$18.75 to C$19.50 in a report on Friday, July 26th. CIBC boosted their price objective on Mullen Group from C$15.50 to C$16.50 in a research note on Friday, July 26th. TD Securities reduced their target price on shares of Mullen Group from C$22.00 to C$21.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. BMO Capital Markets raised shares of Mullen Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$14.50 to C$17.00 in a report on Friday, July 26th. Finally, Royal Bank of Canada upped their price target on shares of Mullen Group from C$16.00 to C$17.00 in a research report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.25.

Mullen Group Trading Up 0.1 %

TSE:MTL opened at C$14.57 on Friday. Mullen Group has a one year low of C$12.47 and a one year high of C$15.71. The business has a fifty day moving average price of C$14.30 and a 200-day moving average price of C$13.78. The firm has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth 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.

Mullen Group Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend was Monday, September 30th. Mullen Group’s dividend payout ratio (DPR) is presently 62.69%.

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.