Cormark Analysts Raise Earnings Estimates for Mullen Group

Mullen Group Ltd. (TSE:MTL - Free Report) - Analysts at Cormark raised their Q3 2025 earnings estimates for Mullen Group in a research report issued on Thursday, April 24th. Cormark analyst D. Ocampo now anticipates that the company will post earnings per share of $0.43 for the quarter, up from their previous estimate of $0.41. Cormark also issued estimates for Mullen Group's Q1 2026 earnings at $0.29 EPS, Q2 2026 earnings at $0.41 EPS, Q3 2026 earnings at $0.47 EPS, Q4 2026 earnings at $0.32 EPS, FY2026 earnings at $1.50 EPS and FY2027 earnings at $1.60 EPS.

MTL has been the topic of a number of other reports. National Bankshares reduced their target price on shares of Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. TD Securities reduced their target price on shares of Mullen Group from C$21.00 to C$18.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Scotiabank reduced 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 research note on Thursday, April 24th. Acumen Capital reduced their price target on shares of Mullen Group from C$18.75 to C$18.25 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, CIBC reduced their price target on shares of Mullen Group from C$18.00 to C$15.00 in a research note on Thursday, April 10th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$17.06.

Mullen Group Trading Up 0.4 %

MTL stock traded up C$0.05 during trading on Friday, reaching C$13.10. 82,788 shares of the stock were exchanged, compared to its average volume of 271,066. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The business has a 50 day moving average price of C$12.78 and a 200-day moving average price of C$14.14. Mullen Group has a 1 year low of C$11.81 and a 1 year high of C$16.06. The firm has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 1.81 and a beta of 1.82.

Insiders Place Their Bets

In other news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of C$13.23 per share, for a total transaction of C$26,460.00. Insiders bought 2,832 shares of company stock worth $37,153 in the last 90 days. Corporate insiders own 6.32% of the company's stock.

Mullen Group Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 6.41%. The ex-dividend date is Wednesday, April 30th. Mullen Group's dividend payout ratio (DPR) is presently 60.92%.

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.