Q2 Earnings Forecast for Mullen Group Issued By Desjardins

Mullen Group Ltd. (TSE:MTL - Free Report) - Investment analysts at Desjardins issued their Q2 2025 earnings estimates for shares of Mullen Group in a research note issued to investors on Monday, May 12th. Desjardins analyst B. Poirier anticipates that the company will earn $0.33 per share for the quarter. Desjardins currently has a "Moderate Buy" rating on the stock. Desjardins also issued estimates for Mullen Group's Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $1.18 EPS, FY2026 earnings at $1.42 EPS and FY2027 earnings at $1.57 EPS.

MTL has been the topic of several other reports. CIBC cut their price target on shares of Mullen Group from C$18.00 to C$15.00 in a research report on Thursday, April 10th. TD Securities cut their price target on shares of Mullen Group from C$21.00 to C$18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Raymond James raised shares of Mullen Group from a "market perform" rating to an "outperform" rating and cut their price target for the stock from C$17.00 to C$16.75 in a research report on Thursday, April 24th. Royal Bank of Canada cut their price target on shares of Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Scotiabank dropped their target price on shares of Mullen Group from C$17.00 to C$16.50 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$17.15.

Mullen Group Stock Down 0.6%

TSE:MTL traded down C$0.08 on Thursday, hitting C$14.30. 114,095 shares of the company's stock were exchanged, compared to its average volume of 257,854. The firm has a 50-day moving average price of C$12.92 and a 200-day moving average price of C$14.07. 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 52 week low of C$11.81 and a 52 week high of C$16.06. The company has a market cap of C$1.27 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82.

Insider Activity

In other Mullen Group news, Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of C$13.23 per share, with a total value of C$26,460.00. Over the last 90 days, insiders acquired 2,832 shares of company stock valued at $37,153. Insiders own 6.32% of the company's stock.

Mullen Group Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.87%. The ex-dividend date was Wednesday, April 30th. Mullen Group's payout ratio is currently 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.