FY2025 EPS Estimates for Mullen Group Cut by Raymond James

Mullen Group Ltd. (TSE:MTL) – Stock analysts at Raymond James dropped their FY2025 earnings per share estimates for Mullen Group in a research report issued on Wednesday, April 9th. Raymond James analyst M. Barth now anticipates that the company will post earnings per share of $0.96 for the year, down from their previous forecast of $1.04. Raymond James also issued estimates for Mullen Group’s FY2026 earnings at $1.19 EPS and FY2027 earnings at $1.34 EPS.

Several other research firms have also weighed in on MTL. CIBC lowered their price objective on Mullen Group from C$18.00 to C$15.00 in a research note on Thursday. Scotiabank reduced their target price on shares of Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$18.53.

Mullen Group Price Performance

Shares of Mullen Group stock opened at C$12.40 on Friday. Mullen Group has a twelve month low of C$11.81 and a twelve month 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 market cap of C$1.10 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The firm’s 50-day simple moving average is C$13.07 and its 200-day simple moving average is C$14.27.

Insider Buying and Selling at Mullen Group

In other Mullen Group news, Senior Officer Joanna Kathryn Scott acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost of C$13.23 per share, for a total transaction of C$26,460.00. Over the last 90 days, insiders bought 2,832 shares of company stock valued at $37,153. Corporate insiders own 6.32% of the company’s stock.

Mullen Group Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date was Friday, February 28th. Mullen Group’s dividend payout ratio is currently 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.