FY2025 EPS Estimates for Mullen Group Cut by Analyst

Mullen Group Ltd. (TSE:MTL) – Investment analysts at National Bank Financial lowered their FY2025 earnings per share (EPS) estimates for Mullen Group in a note issued to investors on Monday, December 9th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $1.31 per share for the year, down from their previous estimate of $1.38. National Bank Financial also issued estimates for Mullen Group’s FY2026 earnings at $1.42 EPS.

A number of other equities research analysts have also recently commented on MTL. Cormark cut their price target on shares of Mullen Group from C$20.75 to C$19.75 in a report on Tuesday. BMO Capital Markets lifted their target price on Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. CIBC upped their price target on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. National Bankshares lifted their price objective on Mullen Group from C$18.00 to C$19.00 in a report on Monday. Finally, Raymond James decreased their target price on Mullen Group from C$18.75 to C$18.50 in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$18.97.

Mullen Group Stock Performance

Shares of MTL stock opened at C$15.42 on Wednesday. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.06 and a current ratio of 0.75. The company has a market capitalization of C$1.35 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. Mullen Group has a one year low of C$12.47 and a one year high of C$16.06. The company’s 50-day moving average is C$15.03 and its 200 day moving average is C$14.11.

Mullen Group Announces Dividend

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