FY2025 EPS Forecast for Mullen Group Lowered by Analyst

Mullen Group Ltd. (TSE:MTL - Free Report) - Equities researchers at National Bank Financial dropped their FY2025 earnings per share (EPS) estimates for shares of Mullen Group in a report released on Monday, December 9th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $1.31 for the year, down from their prior forecast of $1.38. National Bank Financial also issued estimates for Mullen Group's FY2026 earnings at $1.42 EPS.

Several other brokerages have also recently issued reports on MTL. BMO Capital Markets raised their target price on shares of Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. Raymond James lowered their price objective on Mullen Group from C$18.75 to C$18.50 in a report on Tuesday. National Bankshares raised their target price on shares of Mullen Group from C$18.00 to C$19.00 in a research note on Monday. CIBC boosted their price target on shares of Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. Finally, TD Securities reduced 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$18.97.

Mullen Group Stock Performance

Shares of MTL stock traded down C$0.03 during mid-day trading on Wednesday, reaching C$15.43. The stock had a trading volume of 75,755 shares, compared to its average volume of 185,838. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$16.06. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56. The firm has a market cap of C$1.35 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 1.81 and a beta of 1.82. The business's fifty day moving average is C$14.98 and its 200-day moving average is C$14.09.

Mullen Group Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 5.44%. The ex-dividend date was Thursday, October 31st. Mullen Group's 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.