Mullen Group FY2025 EPS Forecast Lowered by Raymond James

Mullen Group Ltd. (TSE:MTL) – Raymond James cut their FY2025 earnings per share (EPS) estimates for shares of Mullen Group in a research note issued to investors on Wednesday, April 9th. Raymond James analyst M. Barth now forecasts that the company will post earnings per share of $0.96 for the year, down from their previous estimate 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.

A number of other equities analysts also recently commented on MTL. CIBC reduced their price objective on shares of Mullen Group from C$18.00 to C$15.00 in a report on Thursday. Scotiabank dropped their price target on shares of Mullen Group from C$20.00 to C$19.00 in a research report on Thursday, January 30th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$18.53.

Mullen Group Stock Up 2.4 %

Shares of MTL stock opened at C$12.40 on Friday. The stock 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 company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The stock has a fifty day moving average price of C$13.07 and a 200 day moving average price of C$14.27. Mullen Group has a one year low of C$11.81 and a one year high of C$16.06.

Insider Transactions at Mullen Group

In other Mullen Group news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were bought at an average price 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 Announces Dividend

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