FY2025 EPS Estimates for Mullen Group Cut by Raymond James

Mullen Group Ltd. (TSE:MTL - Free Report) - Analysts at Raymond James reduced their FY2025 earnings estimates for shares of Mullen Group in a research report issued to clients and investors on Tuesday, October 15th. Raymond James analyst M. Barth now expects that the company will post earnings per share of $1.15 for the year, down from their prior estimate of $1.17. Raymond James also issued estimates for Mullen Group's FY2026 earnings at $1.31 EPS.

Mullen Group (TSE:MTL - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported C$0.37 earnings per share for the quarter, topping analysts' consensus estimates of C$0.30 by C$0.07. The firm had revenue of C$495.60 million during the quarter, compared to analyst estimates of C$490.50 million. Mullen Group had a return on equity of 12.74% and a net margin of 6.30%.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets upgraded shares of Mullen Group from a "market perform" rating to an "outperform" rating and upped their target price for the stock from C$14.50 to C$17.00 in a research report on Friday, July 26th. CIBC raised their price objective on Mullen Group from C$15.50 to C$16.50 in a research report on Friday, July 26th. TD Securities decreased their target price on Mullen Group from C$22.00 to C$21.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. Cormark raised their price target on Mullen Group from C$18.75 to C$19.50 in a report on Friday, July 26th. Finally, Royal Bank of Canada lifted their price objective on Mullen Group from C$16.00 to C$17.00 in a research note on Friday, July 26th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$18.25.

Mullen Group Price Performance

MTL stock traded down C$0.17 during midday trading on Friday, hitting C$14.40. The company's stock had a trading volume of 163,819 shares, compared to its average volume of 189,360. 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 12 month low of C$12.47 and a 12 month high of C$15.71. The company has a 50 day moving average of C$14.31 and a two-hundred day moving average of C$13.78. The firm has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82.

Mullen Group Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.84 annualized dividend and a yield of 5.83%. Mullen Group's payout ratio is presently 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.