Mullen Group FY2025 EPS Estimate Decreased by Raymond James

Mullen Group Ltd. (TSE:MTL) – Equities researchers at Raymond James cut their FY2025 earnings estimates for Mullen Group in a report released on Tuesday, October 15th. Raymond James analyst M. Barth now expects that the company will post earnings per share of $1.15 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.

Other research analysts have also recently issued research reports about the stock. Cormark raised their price target on shares of Mullen Group from C$18.75 to C$19.50 in a report on Friday, July 26th. Royal Bank of Canada raised their price target on shares of Mullen Group from C$16.00 to C$17.00 in a report on Friday, July 26th. BMO Capital Markets raised shares of Mullen Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$14.50 to C$17.00 in a report 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. Finally, CIBC raised 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 given a buy rating to the company. Based on data from MarketBeat, Mullen Group presently has an average rating of “Moderate Buy” and an average price target of C$18.25.

Mullen Group Trading Down 1.2 %

TSE MTL opened at C$14.40 on Friday. The company has a fifty day simple moving average of C$14.31 and a two-hundred day simple moving average of C$13.78. The stock has a market cap of C$1.26 billion, a P/E ratio of 10.75, a P/E/G ratio of 1.81 and a beta of 1.82. Mullen Group has a 12-month low of C$12.47 and a 12-month high of C$15.71. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56.

Mullen Group (TSE:MTL) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping 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%.

Mullen Group Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.07 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.84 dividend on an annualized basis and a yield of 5.83%. Mullen Group’s payout ratio is 62.69%.

Mullen Group Company Profile

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.