FY2025 EPS Forecast for Mullen Group Decreased by Analyst

Mullen Group Ltd. (TSE:MTL) – Equities research analysts at Raymond James reduced their FY2025 earnings per share estimates for Mullen Group in a report issued on Tuesday, October 15th. Raymond James analyst M. Barth now anticipates that the company will post earnings of $1.15 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 $1.31 EPS.

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

Several other analysts also recently commented on MTL. Cormark upped their price objective on Mullen Group from C$18.75 to C$19.50 in a research note on Friday, July 26th. BMO Capital Markets upgraded Mullen Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$14.50 to C$17.00 in a research note on Friday, July 26th. Royal Bank of Canada lifted their price objective on shares of Mullen Group from C$16.00 to C$17.00 in a research report on Friday, July 26th. TD Securities cut their price objective on shares of Mullen Group from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, CIBC lifted their target price on shares of Mullen Group from C$15.50 to C$16.50 in a report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$18.25.

Mullen Group Stock Performance

Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$15.71. The stock has a market capitalization of C$1.26 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a 50 day simple moving average of C$14.31 and a 200-day simple moving average of C$13.78. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56.

Mullen Group Announces Dividend

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