FY2025 EPS Estimates for Mullen Group Lifted by Analyst

Mullen Group Ltd. (TSE:MTL) – Equities researchers at Raymond James Financial boosted their FY2025 EPS estimates for shares of Mullen Group in a report released on Wednesday, October 22nd. Raymond James Financial analyst M. Barth now forecasts that the company will post earnings per share of $1.10 for the year, up from their previous estimate of $0.98. Raymond James Financial has a “Outperform” rating and a $16.75 price target on the stock. Raymond James Financial also issued estimates for Mullen Group’s FY2026 earnings at $1.31 EPS, FY2027 earnings at $1.38 EPS and FY2028 earnings at $1.36 EPS.

MTL has been the subject of several other research reports. Royal Bank Of Canada lifted their target price on shares of Mullen Group from C$15.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Acumen Capital dropped their price target on shares of Mullen Group from C$18.25 to C$17.25 and set a “buy” rating for the company in a research note on Friday, July 25th. Scotiabank downgraded shares of Mullen Group from a “strong-buy” rating to a “hold” rating and dropped their price target for the stock from C$16.50 to C$16.00 in a research note on Thursday, July 10th. TD Securities boosted their price target on shares of Mullen Group from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Cibc World Mkts downgraded shares of Mullen Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 7th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Mullen Group has an average rating of “Moderate Buy” and a consensus price target of C$17.22.

Mullen Group Price Performance

Mullen Group stock opened at C$14.40 on Monday. Mullen Group has a fifty-two week low of C$11.81 and a fifty-two week high of C$16.06. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. The firm has a 50 day moving average price of C$13.97 and a 200 day moving average price of C$13.79. The company has a market capitalization of C$1.25 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.81 and a beta of 0.69.

Mullen Group Dividend Announcement

The company also recently disclosed a sep 25 dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.07 per share. Mullen Group’s dividend payout ratio (DPR) is currently 79.25%.

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.