Cormark Has Pessimistic View of Mullen Group Q1 Earnings

Mullen Group Ltd. (TSE:MTL) – Cormark dropped their Q1 2025 earnings per share estimates for shares of Mullen Group in a research report issued to clients and investors on Tuesday, December 10th. Cormark analyst D. Ocampo now forecasts that the company will post earnings of $0.23 per share for the quarter, down from their prior estimate of $0.24. Cormark also issued estimates for Mullen Group’s Q2 2025 earnings at $0.34 EPS.

A number of other equities research analysts also recently weighed in on the stock. National Bankshares upped their price target on shares of Mullen Group from C$18.00 to C$19.00 in a report on Monday. Raymond James cut their target price on shares of Mullen Group from C$18.75 to C$18.50 in a research note on Tuesday. BMO Capital Markets lifted their price target on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. TD Securities dropped their price target on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, CIBC raised their price objective on Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$18.97.

Mullen Group Trading Down 0.1 %

Shares of MTL stock opened at C$15.42 on Thursday. The stock has a 50-day simple moving average of C$15.03 and a 200 day simple moving average of C$14.11. The stock has a market capitalization of C$1.35 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.81 and a beta of 1.82. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.06. 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date was Thursday, October 31st. Mullen Group’s dividend payout ratio 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.