FY2026 EPS Estimates for Mullen Group Increased by Analyst

Key Points

• Scotiabank raised FY2026 EPS estimates for Mullen Group to $1.22 from $1.16 and kept a "Sector Perform" rating with a $21.00 price target.
• Several brokers also lifted targets this week, leaving the stock with a consensus rating of Moderate Buy and an average price target of C$20.67 (five Buy, three Hold).
• Mullen Group declared a monthly dividend of $0.07 (about a 4.1% yield), though the payout ratio is elevated at roughly 82%, which may constrain future increases.

Mullen Group Ltd. (TSE:MTL - Free Report) - Equities researchers at Scotiabank raised their FY2026 earnings estimates for Mullen Group in a research note issued on Friday, May 1st. Scotiabank analyst K. Gupta now expects that the company will post earnings per share of $1.22 for the year, up from their prior forecast of $1.16. Scotiabank currently has a "Sector Perform" rating and a $21.00 price target on the stock. Scotiabank also issued estimates for Mullen Group's FY2027 earnings at $1.22 EPS.

Several other brokerages also recently weighed in on MTL. Canadian Imperial Bank of Commerce increased their target price on shares of Mullen Group from C$18.00 to C$20.00 and gave the company a "neutral" rating in a research note on Friday, April 24th. Acumen Capital increased their target price on shares of Mullen Group from C$20.50 to C$22.00 and gave the company a "buy" rating in a research note on Friday, April 24th. Royal Bank Of Canada increased their target price on shares of Mullen Group from C$19.00 to C$21.00 and gave the company an "outperform" rating in a research note on Friday, April 24th. Desjardins increased their target price on shares of Mullen Group from C$20.00 to C$23.00 and gave the company a "buy" rating in a research note on Friday, April 24th. Finally, Raymond James Financial increased their target price on shares of Mullen Group from C$17.00 to C$18.00 and gave the company a "market perform" rating in a research note on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$20.67.

Mullen Group Trading Down 0.1%

Shares of TSE:MTL opened at C$20.54 on Monday. Mullen Group has a 12 month low of C$12.98 and a 12 month high of C$20.66. The firm has a market cap of C$1.97 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 1.81 and a beta of 0.84. The company has a quick ratio of 1.06, a current ratio of 2.07 and a debt-to-equity ratio of 91.65. The company's fifty day simple moving average is C$17.56 and its 200 day simple moving average is C$16.26.

Mullen Group (TSE:MTL - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported C$0.20 EPS for the quarter. Mullen Group had a net margin of 4.32% and a return on equity of 8.72%. The business had revenue of C$547.70 million for the quarter.

Mullen Group Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.07 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, April 30th. Mullen Group's payout ratio is currently 82.35%.

About Mullen Group

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.

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