Analysts Set Expectations for Mullen Group FY2025 Earnings

Mullen Group Ltd. (TSE:MTL) – Investment analysts at Raymond James cut their FY2025 earnings estimates for Mullen Group in a research report issued on Thursday, February 13th. Raymond James analyst M. Barth now expects that the company will earn $1.04 per share for the year, down from their prior forecast of $1.17. Raymond James also issued estimates for Mullen Group’s FY2026 earnings at $1.27 EPS.

Several other equities research analysts have also recently issued reports on the stock. National Bankshares raised their target price on shares of Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. CIBC raised their target price on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. Scotiabank dropped their target price on shares of Mullen Group from C$20.00 to C$19.00 in a report on Thursday, January 30th. Cormark dropped their target price on shares of Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. Finally, BMO Capital Markets raised their target price on shares of Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Mullen Group currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.84.

Mullen Group Trading Up 2.1 %

Shares of MTL stock opened at C$13.46 on Monday. Mullen Group has a 12-month low of C$12.47 and a 12-month high of C$16.06. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The firm’s 50 day moving average is C$14.76 and its 200 day moving average is C$14.66. The stock has a market capitalization of C$1.20 billion, a P/E ratio of 9.76, a P/E/G ratio of 1.81 and a beta of 1.82.

Mullen Group Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a $0.07 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.84 annualized dividend and a yield of 6.24%. Mullen Group’s payout ratio is presently 60.92%.

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.