Brokers Issue Forecasts for Mullen Group FY2025 Earnings

Key Points

• Analysts at Desjardins have revised Mullen Group's FY2025 earnings per share estimate down from $1.18 to $1.13, while maintaining a "Buy" rating and a target price of $18.00.
• Scotiabank downgraded Mullen Group from a "strong-buy" to a "hold" rating, lowering their price target from C$16.50 to C$16.00, while other analysts have mixed ratings ranging from "outperform" to "hold".
• Mullen Group recently declared a monthly dividend of $0.07 per share, reflecting an annualized dividend yield of 6.12% with a payout ratio of 60.92%.

Mullen Group Ltd. (TSE:MTL - Free Report) - Stock analysts at Desjardins decreased their FY2025 earnings per share estimates for shares of Mullen Group in a note issued to investors on Thursday, July 24th. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $1.13 for the year, down from their prior estimate of $1.18. Desjardins currently has a "Buy" rating and a $18.00 price target on the stock. Desjardins also issued estimates for Mullen Group's Q4 2025 earnings at $0.31 EPS, FY2026 earnings at $1.49 EPS and FY2027 earnings at $1.66 EPS.

A number of other equities analysts have also recently commented on MTL. Scotiabank cut Mullen Group from a "strong-buy" rating to a "hold" rating and decreased their price target for the stock from C$16.50 to C$16.00 in a research note on Thursday, July 10th. Raymond James Financial set a C$16.75 price target on Mullen Group and gave the stock an "outperform" rating in a research note on Friday. Cormark decreased their price target on Mullen Group from C$18.50 to C$17.00 in a research note on Thursday, April 24th. CIBC boosted their target price on Mullen Group from C$15.00 to C$16.50 in a research note on Thursday, May 22nd. Finally, National Bankshares reduced their target price on Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Mullen Group currently has a consensus rating of "Moderate Buy" and a consensus target price of C$17.25.

Mullen Group Stock Performance

Shares of TSE MTL opened at C$13.73 on Monday. The stock has a market cap of C$1.22 billion, a price-to-earnings ratio of 9.96, a P/E/G 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 has a 1-year low of C$11.81 and a 1-year high of C$16.06. The stock's 50-day moving average is C$14.09 and its 200 day moving average is C$13.68.

Mullen Group Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.84 annualized dividend and a dividend yield of 6.12%. Mullen Group's dividend payout ratio is presently 60.92%.

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.

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