FY2027 EPS Estimates for Mullen Group Lifted by Scotiabank

Key Points

• Scotiabank raised its FY2027 EPS estimate for Mullen Group to C$1.20 (from C$1.18) and maintains a "Sector Perform" rating with a C$19.00 target.
• Other analysts — including RBC and National Bank — have also lifted targets (RBC and National Bank to C$19) and ratings, leaving the stock with a consensus "Moderate Buy" and an average target of C$18.20.
• Mullen declared a monthly dividend of C$0.07 (annualized yield ~4.6%), and recently reported quarterly EPS of C$0.15 on revenue of C$533.9M, with a market cap around C$1.76B.

Mullen Group Ltd. (TSE:MTL - Free Report) - Equities researchers at Scotiabank upped their FY2027 earnings per share estimates for shares of Mullen Group in a research report issued to clients and investors on Friday, April 10th. Scotiabank analyst K. Gupta now anticipates that the company will post earnings per share of $1.20 for the year, up from their previous estimate of $1.18. Scotiabank currently has a "Sector Perform" rating and a $19.00 target price on the stock.

Other research analysts have also issued reports about the company. Royal Bank Of Canada raised their price target on Mullen Group from C$17.00 to C$19.00 and gave the stock an "outperform" rating in a research report on Monday. National Bank Financial raised their price target on Mullen Group from C$16.50 to C$19.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 20th. Finally, Canadian Imperial Bank of Commerce raised their price target on Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$18.20.

Mullen Group Stock Down 0.1%

TSE MTL opened at C$18.33 on Tuesday. The stock has a fifty day moving average of C$17.06 and a 200-day moving average of C$15.80. The stock has a market capitalization of C$1.76 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.81 and a beta of 0.76. Mullen Group has a 52 week low of C$11.89 and a 52 week high of C$18.36. The company has a debt-to-equity ratio of 111.51, a quick ratio of 1.06 and a current ratio of 2.17.

Mullen Group (TSE:MTL - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported C$0.15 EPS for the quarter. The company had revenue of C$533.88 million during the quarter. Mullen Group had a return on equity of 8.68% and a net margin of 4.27%.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 16th were given a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Friday, February 27th. Mullen Group's dividend payout ratio (DPR) is currently 84.00%.

Mullen Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.