FY2027 EPS Estimates for Mullen Group Lifted by Scotiabank

Mullen Group Ltd. (TSE:MTL) – Equities researchers at Scotiabank upped their FY2027 EPS estimates for Mullen Group in a research note issued on Friday, April 10th. Scotiabank analyst K. Gupta now forecasts that the company will earn $1.20 per share for the year, up from their previous estimate of $1.18. Scotiabank currently has a “Sector Perform” rating and a $19.00 target price on the stock.

Mullen Group (TSE:MTL) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.15 earnings per share for the quarter. Mullen Group had a net margin of 4.27% and a return on equity of 8.68%. The company had revenue of C$533.88 million during the quarter.

A number of other analysts have also commented on the company. National Bank Financial lifted their target price on Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Royal Bank Of Canada boosted their target price on Mullen Group from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Mullen Group from C$15.00 to C$17.00 in a research note on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$18.20.

Mullen Group Stock Performance

MTL stock opened at C$18.03 on Tuesday. The stock’s 50 day simple moving average is C$17.08 and its 200 day simple moving average is C$15.83. The company has a current ratio of 2.17, a quick ratio of 1.06 and a debt-to-equity ratio of 111.51. Mullen Group has a 12-month low of C$11.89 and a 12-month high of C$18.49. The stock has a market capitalization of C$1.73 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.81 and a beta of 0.76.

Mullen Group Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 16th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 4.7%. Mullen Group’s payout ratio is currently 84.00%.

Mullen Group Company Profile

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.