FY2026 EPS Estimates for Mullen Group Increased by Analyst

Mullen Group Ltd. (TSE:MTL) – Equities researchers at Scotiabank boosted their FY2026 earnings per share estimates for Mullen Group in a research note issued to investors on Thursday, July 23rd. Scotiabank analyst K. Gupta now anticipates that the company will post earnings per share of $1.23 for the year, up from their previous estimate of $1.22. Scotiabank also issued estimates for Mullen Group’s FY2027 earnings at $1.25 EPS.

Mullen Group (TSE:MTL) last released its quarterly earnings data on Thursday, July 23rd. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$609.30 million during the quarter. Mullen Group had a net margin of 4.65% and a return on equity of 9.35%.

MTL has been the topic of several other reports. Desjardins lifted their price target on shares of Mullen Group from C$23.00 to C$30.00 and gave the stock a “buy” rating in a report on Friday. National Bank Financial increased their price objective on Mullen Group from C$23.00 to C$31.00 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets raised their price objective on Mullen Group from C$25.00 to C$32.00 in a research report on Friday. Canadian Imperial Bank of Commerce boosted their target price on Mullen Group from C$20.00 to C$22.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada upped their target price on Mullen Group from C$23.00 to C$30.00 in a research report on Friday. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$26.00.

Mullen Group Trading Up 7.2%

TSE:MTL opened at C$28.73 on Friday. The stock has a market capitalization of C$2.76 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 1.81 and a beta of 1.13. Mullen Group has a 52 week low of C$12.98 and a 52 week high of C$28.78. The company has a quick ratio of 1.06, a current ratio of 2.17 and a debt-to-equity ratio of 89.59. The firm has a 50 day moving average of C$22.70 and a 200 day moving average of C$19.38.

Insiders Place Their Bets

In other Mullen Group news, Director Stephen H. Lockwood sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$21.50, for a total transaction of C$75,250.00. Following the sale, the director owned 7,562 shares in the company, valued at approximately C$162,583. The trade was a 31.64% decrease in their position. Insiders own 6.32% of the company’s stock.

Mullen Group Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 2.9%. Mullen Group’s payout ratio is currently 82.35%.

More Mullen Group News

Here are the key news stories impacting Mullen Group this week:

• Positive Sentiment: National Bank Financial raised its price target on Mullen Group to C$31 from C$23 and reiterated an outperform rating, suggesting meaningful upside versus the current share price. National Bank Financial price target increase
• Positive Sentiment: BMO Capital Markets lifted its target to C$32 from C$25, one of the highest targets in the group and a bullish sign for valuation expectations. BMO Capital Markets price target increase
• Positive Sentiment: Desjardins increased its target to C$30 from C$23 and kept a buy rating, reflecting continued confidence in Mullen Group’s outlook. Desjardins price target increase
• Positive Sentiment: Royal Bank of Canada also raised its target to C$30 from C$23, adding to the broader analyst optimism around the stock. RBC price target increase
• Positive Sentiment: Scotiabank boosted its target to C$29 from C$24 and increased FY2026 and FY2027 EPS estimates, indicating improved earnings expectations even though its formal rating remained Sector Perform. Scotiabank estimate and target update

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.