FY2025 EPS Estimates for Mullen Group Reduced by Desjardins

Key Points

• Desjardins has reduced its FY2025 earnings estimates for Mullen Group to $1.05 per share, down from $1.13.
• Analysts from six firms currently rate Mullen Group as a Buy, while two rate it as a Hold, with an average target price of C$17.50.
• Mullen Group recently paid a $0.07 dividend with a payout ratio of 74.77% on October 15, benefiting investors who held shares as of September 30.

Mullen Group Ltd. (TSE:MTL - Free Report) - Research analysts at Desjardins dropped their FY2025 earnings estimates for shares of Mullen Group in a research report issued on Wednesday, October 22nd. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $1.05 per share for the year, down from their prior estimate of $1.13.

Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada raised their target price on Mullen Group from C$15.00 to C$17.00 and gave the stock an "outperform" rating in a research note on Thursday. Cibc World Mkts lowered Mullen Group from a "strong-buy" rating to a "hold" rating in a report on Monday, July 7th. Raymond James Financial set a C$16.75 price target on shares of Mullen Group and gave the company an "outperform" rating in a research report on Friday, July 25th. Scotiabank downgraded Mullen Group from a "strong-buy" rating to a "hold" rating and reduced their price objective for the company from C$16.50 to C$16.00 in a research note on Thursday, July 10th. Finally, Acumen Capital lowered their price target on shares of Mullen Group from C$18.25 to C$17.25 and set a "buy" rating on the stock in a report on Friday, July 25th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$17.50.

Mullen Group Price Performance

Shares of TSE MTL opened at C$14.35 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The firm has a fifty day simple moving average of C$13.94 and a 200 day simple moving average of C$13.75. Mullen Group has a twelve month low of C$11.81 and a twelve month high of C$16.06. The company has a market capitalization of C$1.25 billion, a PE ratio of 12.93, a P/E/G ratio of 1.81 and a beta of 0.69.

Mullen Group Dividend Announcement

The company also recently announced a sep 25 dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.07 dividend. Mullen Group's dividend payout ratio is presently 74.77%.

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.

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