FY2025 EPS Estimates for Mullen Group Reduced by Analyst

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

Several other analysts have also weighed in on MTL. Royal Bank of Canada decreased their price objective on Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. CIBC decreased their price objective on shares of Mullen Group from C$18.00 to C$15.00 in a report on Thursday, April 10th. Acumen Capital reduced their target price on shares of Mullen Group from C$18.75 to C$18.25 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Cormark cut their price target on shares of Mullen Group from C$18.50 to C$17.00 in a research report on Thursday, April 24th. Finally, Scotiabank cut their price target on shares of Mullen Group from C$17.00 to C$16.50 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$17.06.

Mullen Group Stock Performance

TSE:MTL traded up C$0.05 during mid-day trading on Friday, hitting C$13.10. 82,788 shares of the company's stock traded hands, compared to its average volume of 271,066. The firm has a 50 day moving average of C$12.78 and a two-hundred day moving average of C$14.14. 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 9.50, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69.

Mullen Group Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.84 dividend on an annualized basis and a yield of 6.41%. Mullen Group's dividend payout ratio (DPR) is currently 60.92%.

Insiders Place Their Bets

In related news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average cost of C$13.23 per share, with a total value of C$26,460.00. Insiders bought 2,832 shares of company stock valued at $37,153 over the last ninety days. 6.32% of the stock is currently owned by insiders.

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.