Cormark Analysts Lift Earnings Estimates for Mullen Group

Mullen Group Ltd. (TSE:MTL - Free Report) - Investment analysts at Cormark lifted their Q3 2025 earnings per share estimates for Mullen Group in a research report issued to clients and investors on Thursday, April 24th. Cormark analyst D. Ocampo now forecasts that the company will post earnings of $0.43 per share for the quarter, up from their previous forecast of $0.41. Cormark also issued estimates for Mullen Group's Q1 2026 earnings at $0.29 EPS, Q2 2026 earnings at $0.41 EPS, Q3 2026 earnings at $0.47 EPS, Q4 2026 earnings at $0.32 EPS, FY2026 earnings at $1.50 EPS and FY2027 earnings at $1.60 EPS.

A number of other analysts have also issued reports on MTL. Scotiabank decreased 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. TD Securities decreased 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 note on Tuesday, April 15th. Royal Bank of Canada cut their price objective on Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Acumen Capital decreased their price objective on shares of Mullen Group from C$18.75 to C$18.25 and set a "buy" rating on the stock in a research report on Thursday. Finally, CIBC decreased their price objective on shares of Mullen Group from C$18.00 to C$15.00 in a research report on Thursday, April 10th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Mullen Group currently has a consensus rating of "Buy" and an average target price of C$17.06.

Mullen Group Stock Performance

Shares of TSE:MTL traded up C$0.03 during midday trading on Friday, reaching C$13.09. 208,165 shares of the company traded hands, compared to its average volume of 274,525. 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 has a 12 month low of C$11.81 and a 12 month high of C$16.06. The firm has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The firm's fifty day moving average price is C$12.79 and its two-hundred day moving average price is C$14.14.

Mullen Group Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were given a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend was Friday, February 28th. Mullen Group's payout ratio is currently 60.92%.

Insider Activity

In other news, Senior Officer Joanna Kathryn Scott acquired 2,000 shares of Mullen Group stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost of C$13.23 per share, with a total value of C$26,460.00. Insiders acquired 2,832 shares of company stock valued at $37,153 in the last quarter. 6.32% of the stock is currently owned by insiders.

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.