Mullen Group FY2025 EPS Cut by Raymond James Financial

Key Points

• Raymond James Financial has lowered Mullen Group's FY2025 earnings per share (EPS) estimate from $1.08 to $1.02, while maintaining an "Outperform" rating and a price target of $16.75.
• Multiple analysts have adjusted their price objectives for Mullen Group, with Royal Bank Of Canada reducing their target to C$14.00 and Cormark lowering theirs to C$17.00.
• Mullen Group announced a monthly dividend of $0.07 per share, yielding an annualized dividend of $0.84 or 6.12%.

Mullen Group Ltd. (TSE:MTL - Free Report) - Investment analysts at Raymond James Financial lowered their FY2025 EPS estimates for shares of Mullen Group in a research note issued on Thursday, July 24th. Raymond James Financial analyst M. Barth now anticipates that the company will post earnings per share of $1.02 for the year, down from their previous forecast of $1.08. Raymond James Financial has a "Outperform" rating and a $16.75 price objective on the stock. Raymond James Financial also issued estimates for Mullen Group's FY2026 earnings at $1.21 EPS and FY2027 earnings at $1.33 EPS.

Several other research analysts have also weighed in on MTL. Royal Bank Of Canada decreased their price objective on shares of Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Cormark decreased their price objective on shares of Mullen Group from C$18.50 to C$17.00 in a report on Thursday, April 24th. National Bankshares decreased their price objective on shares of Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. CIBC lifted their price target on shares of Mullen Group from C$15.00 to C$16.50 in a report on Thursday, May 22nd. Finally, Cibc World Mkts lowered shares of Mullen Group from a "strong-buy" rating to a "hold" rating in a report on Monday, July 7th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Mullen Group has an average rating of "Moderate Buy" and a consensus target price of C$17.25.

Mullen Group Price Performance

Shares of MTL stock opened at C$13.73 on Monday. The firm has a market cap of C$1.22 billion, a P/E ratio of 9.96, a P/E/G ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. Mullen Group has a 1-year low of C$11.81 and a 1-year high of C$16.06. The firm has a fifty day moving average of C$14.09 and a two-hundred day moving average of C$13.68.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.12%. Mullen Group's dividend payout ratio (DPR) is 60.92%.

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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