Scotiabank Has Negative View of Mullen Group FY2025 Earnings

Mullen Group Ltd. (TSE:MTL) – Equities research analysts at Scotiabank reduced their FY2025 earnings per share (EPS) estimates for Mullen Group in a research note issued to investors on Friday, January 23rd. Scotiabank analyst K. Gupta now anticipates that the company will earn $0.95 per share for the year, down from their previous forecast of $1.05. Scotiabank currently has a “Sector Perform” rating and a $18.50 target price on the stock. Scotiabank also issued estimates for Mullen Group’s FY2026 earnings at $1.15 EPS and FY2027 earnings at $1.19 EPS.

MTL has been the subject of a number of other reports. Royal Bank Of Canada raised their target price on Mullen Group from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. National Bankshares increased their price target on Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. CIBC lifted their price objective on Mullen Group from C$15.00 to C$17.00 in a report on Thursday, January 8th. TD Securities boosted their price objective on Mullen Group from C$19.00 to C$20.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Desjardins increased their target price on shares of Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$17.95.

Mullen Group Price Performance

Shares of TSE:MTL opened at C$16.77 on Monday. Mullen Group has a 52 week low of C$11.81 and a 52 week high of C$16.95. 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’s fifty day moving average is C$15.67 and its 200-day moving average is C$14.52. The firm has a market cap of C$1.46 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.81 and a beta of 0.66.

Mullen Group (TSE:MTL) last posted its earnings results on Wednesday, October 22nd. The company reported C$0.36 earnings per share for the quarter. Mullen Group had a net margin of 6.18% and a return on equity of 12.39%. The firm had revenue of C$561.72 million for the quarter.

About Mullen Group

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.