What is Cormark’s Forecast for Mullen Group Q3 Earnings?

Mullen Group Ltd. (TSE:MTL) – Analysts at Cormark cut their Q3 2025 earnings estimates for shares of Mullen Group in a research report issued on Tuesday, December 10th. Cormark analyst D. Ocampo now anticipates that the company will post earnings per share of $0.39 for the quarter, down from their prior estimate of $0.40. Cormark also issued estimates for Mullen Group’s Q4 2025 earnings at $0.32 EPS, FY2025 earnings at $1.27 EPS and FY2026 earnings at $1.44 EPS.

A number of other research analysts have also weighed in on the stock. CIBC raised their price target on shares of Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. BMO Capital Markets raised their target price on 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 for the company in a research report on Wednesday, September 11th. National Bankshares raised their price objective on Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. Finally, Raymond James dropped their target price on shares of Mullen Group from C$18.75 to C$18.50 in a report on Tuesday. One investment 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 has an average rating of “Moderate Buy” and a consensus price target of C$18.97.

Mullen Group Stock Performance

MTL opened at C$15.41 on Friday. The company has a market cap of C$1.35 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.81 and a beta of 1.82. The firm’s fifty day simple moving average is C$15.05 and its two-hundred day simple moving average is C$14.13. 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 has a 52-week low of C$12.47 and a 52-week high of C$16.06.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 5.45%. Mullen Group’s dividend payout ratio 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.