Raymond James Increases Earnings Estimates for Mullen Group

Mullen Group Ltd. (TSE:MTL - Free Report) - Equities researchers at Raymond James upped their FY2025 earnings per share (EPS) estimates for shares of Mullen Group in a report released on Wednesday, April 23rd. Raymond James analyst M. Barth now expects that the company will earn $1.09 per share for the year, up from their prior estimate of $0.96. Raymond James has a "Outperform" rating and a $16.75 price target on the stock. Raymond James also issued estimates for Mullen Group's FY2026 earnings at $1.32 EPS and FY2027 earnings at $1.43 EPS.

A number of other research analysts also recently weighed in on the stock. Acumen Capital decreased their target price on shares of Mullen Group from C$18.75 to C$18.25 and set a "buy" rating for the company in a research report on Thursday, April 24th. Scotiabank dropped 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, April 24th. National Bankshares decreased their target price on Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. TD Securities cut their price target on Mullen Group from C$21.00 to C$18.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Cormark decreased their price objective on shares of Mullen Group from C$18.50 to C$17.00 in a report on Thursday, April 24th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$17.06.

Mullen Group Stock Down 0.1 %

Shares of MTL stock traded down C$0.01 on Monday, hitting C$13.11. 179,759 shares of the stock were exchanged, compared to its average volume of 272,314. Mullen Group has a fifty-two week low of C$11.81 and a fifty-two week high of C$16.06. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The business has a 50-day moving average of C$12.78 and a 200 day moving average of C$14.14. The firm has a market capitalization of C$1.17 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82.

Mullen Group Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Stockholders 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 annualized dividend and a dividend yield of 6.41%. Mullen Group's dividend payout ratio is presently 60.92%.

Insider Activity

In related news, Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of C$13.23 per share, with a total value of C$26,460.00. Over the last ninety days, insiders acquired 2,832 shares of company stock worth $37,153. Corporate insiders own 6.32% of the company's stock.

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.