Brokers Set Expectations for Mullen Group FY2025 Earnings

Mullen Group Ltd. (TSE:MTL - Free Report) - Investment analysts at Raymond James raised their FY2025 earnings per share (EPS) estimates for shares of Mullen Group in a research report issued on Wednesday, April 23rd. Raymond James analyst M. Barth now anticipates that the company will earn $1.09 per share for the year, up from their previous forecast of $0.96. Raymond James has a "Outperform" rating and a $16.75 price target on the stock. Raymond James also issued estimates for Mullen Group's FY2026 earnings at $1.32 EPS and FY2027 earnings at $1.43 EPS.

MTL has been the topic of several other research reports. Royal Bank of Canada dropped their target price on shares of Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Cormark lowered their price target on Mullen Group from C$18.50 to C$17.00 in a research report on Thursday. CIBC cut their price objective on Mullen Group from C$18.00 to C$15.00 in a report on Thursday, April 10th. TD Securities dropped their target price on Mullen Group from C$21.00 to C$18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, National Bankshares reduced their price target on shares of Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating for the company in a research report on Thursday. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Mullen Group currently has a consensus rating of "Buy" and an average target price of C$17.06.

Mullen Group Price Performance

Shares of MTL stock opened at C$13.06 on Monday. The firm has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 1.81 and a beta of 1.82. 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 stock's 50-day simple moving average is C$12.80 and its 200-day simple moving average is C$14.15. Mullen Group has a fifty-two week low of C$11.81 and a fifty-two week high of C$16.06.

Mullen Group Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 6.43%. Mullen Group's dividend payout ratio is currently 60.92%.

Insider Buying and Selling at Mullen Group

In other news, Senior Officer Joanna Kathryn Scott acquired 2,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of C$13.23 per share, for a total transaction of C$26,460.00. Over the last three months, insiders have acquired 2,832 shares of company stock valued at $37,153. Company insiders own 6.32% of the company's stock.

About Mullen Group

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.

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