Cormark Has Pessimistic Outlook of Mullen Group Q3 Earnings

Mullen Group Ltd. (TSE:MTL) – Cormark lowered their Q3 2025 earnings estimates for Mullen Group in a report issued on Tuesday, December 10th. Cormark analyst D. Ocampo now forecasts that the company will earn $0.39 per share for the quarter, down from their previous 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.

Other analysts have also issued research reports about the company. BMO Capital Markets upped their price objective on Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. CIBC increased their price target on Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. National Bankshares boosted their price objective on Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. TD Securities cut their target price on shares of Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Finally, Raymond James decreased their price target on shares of Mullen Group from C$18.75 to C$18.50 in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mullen Group presently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.97.

Mullen Group Price Performance

Mullen Group stock opened at C$15.41 on Friday. 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. The firm has a market cap of C$1.35 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company’s 50 day moving average is C$15.05 and its two-hundred day moving average is C$14.13.

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 given a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 5.45%. The ex-dividend date was Thursday, October 31st. Mullen Group’s dividend payout ratio (DPR) 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.