FY2025 EPS Forecast for Mullen Group Reduced by Analyst

Key Points

• Analysts at Raymond James Financial have reduced their FY2025 earnings forecast for Mullen Group from $1.02 to $0.98 per share, while maintaining an "Outperform" rating with a price target of $16.75.
• Multiple other analysts have also downgraded Mullen Group's stock ratings, with Scotiabank decreasing its price target from C$16.50 to C$16.00 and shifting to a "hold" rating.
• Mullen Group has announced a $0.07 dividend to be paid on October 15th, which reflects a payout ratio of 74.77%.

Mullen Group Ltd. (TSE:MTL - Free Report) - Research analysts at Raymond James Financial cut their FY2025 earnings estimates for Mullen Group in a research report issued to clients and investors on Monday, October 6th. Raymond James Financial analyst M. Barth now anticipates that the company will post earnings of $0.98 per share for the year, down from their prior estimate of $1.02. Raymond James Financial currently has a "Outperform" rating and a $16.75 price target on the stock. Raymond James Financial also issued estimates for Mullen Group's FY2026 earnings at $1.17 EPS and FY2027 earnings at $1.28 EPS.

Other equities analysts have also issued reports about the stock. Scotiabank lowered shares of Mullen Group from a "strong-buy" rating to a "hold" rating and dropped their price target for the company from C$16.50 to C$16.00 in a research note on Thursday, July 10th. Cibc World Mkts cut shares of Mullen Group from a "strong-buy" rating to a "hold" rating in a report on Monday, July 7th. Acumen Capital cut 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 research note on Friday, July 25th. Finally, TD Securities boosted their price target on shares of Mullen Group from C$18.00 to C$19.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$17.25.

Mullen Group Stock Down 0.2%

Shares of Mullen Group stock opened at C$14.10 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. Mullen Group has a 52-week low of C$11.81 and a 52-week high of C$16.06. The company has a market capitalization of C$1.23 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.81 and a beta of 0.69. The company has a 50 day moving average of C$13.74 and a 200 day moving average of C$13.62.

Mullen Group Announces Dividend

The company also recently disclosed a sep 25 dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.07 dividend. Mullen Group's dividend payout ratio is currently 74.77%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.