FY2025 EPS Estimates for Mullen Group Lowered by Analyst

Mullen Group Ltd. (TSE:MTL - Free Report) - Stock analysts at National Bank Financial dropped their FY2025 earnings per share estimates for shares of Mullen Group in a research note issued on Wednesday, April 23rd. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $1.19 per share for the year, down from their previous estimate of $1.22.

MTL has been the topic of several other reports. National Bankshares cut their target price on Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating on the stock in a report on Thursday. Scotiabank dropped their price objective on Mullen Group from C$17.00 to C$16.50 and set an "outperform" rating on the stock in a research note on Thursday. CIBC dropped their price target on Mullen Group from C$18.00 to C$15.00 in a research note on Thursday, April 10th. Royal Bank of Canada dropped their price target on Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, TD Securities dropped their price target on Mullen Group from C$21.00 to C$18.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Mullen Group currently has a consensus rating of "Buy" and an average price target of C$17.06.

Mullen Group Trading Up 0.2 %

MTL traded up C$0.03 during midday trading on Friday, hitting C$13.09. 208,165 shares of the company were exchanged, compared to its average volume of 274,525. The firm has a market capitalization of C$1.17 billion, a P/E ratio of 9.49, a P/E/G ratio of 1.81 and a beta of 1.82. Mullen Group has a 1-year low of C$11.81 and a 1-year high of C$16.06. The firm's 50 day moving average price is C$12.79 and its 200-day moving average price is C$14.14. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69.

Mullen Group Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend was Friday, February 28th. Mullen Group's dividend payout ratio (DPR) is presently 60.92%.

Insider Buying and Selling at Mullen Group

In related news, Senior Officer Joanna Kathryn Scott acquired 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. In the last three months, insiders have purchased 2,832 shares of company stock worth $37,153. Corporate insiders own 6.32% of the company's stock.

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.