Cormark Has Negative Estimate for Mullen Group Q2 Earnings

Mullen Group Ltd. (TSE:MTL - Free Report) - Equities researchers at Cormark reduced their Q2 2025 earnings per share estimates for shares of Mullen Group in a note issued to investors on Thursday, April 24th. Cormark analyst D. Ocampo now anticipates that the company will earn $0.33 per share for the quarter, down from their prior forecast of $0.35. Cormark also issued estimates for Mullen Group's Q4 2025 earnings at $0.28 EPS and FY2025 earnings at $1.24 EPS.

Several other research analysts also recently issued reports on MTL. Raymond James raised Mullen Group from a "market perform" rating to an "outperform" rating and cut their price target for the stock from C$17.00 to C$16.75 in a research note on Thursday, April 24th. Royal Bank of Canada reduced their price target on shares of 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. Scotiabank dropped their price objective on shares of Mullen Group from C$17.00 to C$16.50 and set an "outperform" rating for the company in a research note on Thursday, April 24th. CIBC reduced their target price on Mullen Group from C$18.00 to C$15.00 in a research note on Thursday, April 10th. Finally, National Bankshares dropped their price target on Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$17.06.

Mullen Group Price Performance

MTL traded up C$0.11 during trading on Monday, reaching C$13.22. 17,832 shares of the stock were exchanged, compared to its average volume of 267,586. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The company has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 1.81 and a beta of 1.82. Mullen Group has a 1 year low of C$11.81 and a 1 year high of C$16.06. The business's 50 day moving average price is C$12.77 and its two-hundred day moving average price is C$14.12.

Insiders Place Their Bets

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

Mullen Group Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.84 annualized dividend and a yield of 6.35%. Mullen Group's dividend payout ratio (DPR) 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.