Brokers Issue Forecasts for Mullen Group FY2025 Earnings

Mullen Group Ltd. (TSE:MTL - Free Report) - Equities researchers at Raymond James reduced their FY2025 earnings per share estimates for Mullen Group in a note issued to investors on Wednesday, April 9th. Raymond James analyst M. Barth now expects that the company will earn $0.96 per share for the year, down from their previous forecast of $1.04. Raymond James also issued estimates for Mullen Group's FY2026 earnings at $1.19 EPS and FY2027 earnings at $1.34 EPS.

Other equities analysts also recently issued reports about the company. Scotiabank lowered their price objective on Mullen Group from C$20.00 to C$19.00 in a research report on Thursday, January 30th. CIBC decreased their price objective on Mullen Group from C$18.00 to C$15.00 in a report on Thursday, April 10th. Finally, TD Securities decreased their price objective on shares of Mullen Group from C$21.00 to C$18.00 and set a "buy" rating for the company in a report on Tuesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mullen Group has a consensus rating of "Moderate Buy" and an average target price of C$18.16.

Mullen Group Price Performance

Shares of Mullen Group stock traded down C$0.17 on Friday, reaching C$12.39. 82,997 shares of the stock were exchanged, compared to its average volume of 271,829. Mullen Group has a one year low of C$11.81 and a one year high of C$16.06. The firm's 50 day moving average is C$12.99 and its 200-day moving average is C$14.24. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. The firm has a market cap of C$1.10 billion, a PE ratio of 8.98, a P/E/G ratio of 1.81 and a beta of 1.82.

Mullen Group Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 6.78%. Mullen Group's dividend payout ratio (DPR) is 60.92%.

Insider Transactions at Mullen Group

In related news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were acquired at an average cost of C$13.23 per share, for a total transaction of C$26,460.00. Insiders have purchased 2,832 shares of company stock valued at $37,153 over the last quarter. 6.32% of the stock is currently owned by company insiders.

Mullen Group Company Profile

Mullen Group is one of North America's largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.