Cormark Comments on Mullen Group’s Q2 Earnings (TSE:MTL)

Mullen Group Ltd. (TSE:MTL) – Stock analysts at Cormark dropped their Q2 2025 EPS estimates for shares of Mullen Group in a note issued to investors on Thursday, April 24th. Cormark analyst D. Ocampo now anticipates that the company will post earnings per share of $0.33 for the quarter, down from their prior estimate of $0.35. Cormark also issued estimates for Mullen Group’s Q4 2025 earnings at $0.28 EPS and FY2025 earnings at $1.24 EPS.

A number of other equities analysts have also commented on the stock. TD Securities dropped their price target on shares of Mullen Group from C$21.00 to C$18.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Royal Bank of Canada decreased their price objective on Mullen Group from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. CIBC dropped their price target on shares of Mullen Group from C$18.00 to C$15.00 in a research report on Thursday, April 10th. Raymond James upgraded Mullen Group from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from C$17.00 to C$16.75 in a research note on Thursday. Finally, Scotiabank dropped their target price on Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating for the company in a report on Thursday. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Mullen Group presently has an average rating of “Buy” and an average target price of C$17.06.

Mullen Group Price Performance

Shares of TSE:MTL opened at C$13.06 on Monday. The business has a 50-day moving average of C$12.80 and a two-hundred day moving average of C$14.15. Mullen Group has a fifty-two week low of C$11.81 and a fifty-two week high of C$16.06. 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 market capitalization of C$1.16 billion, a P/E ratio of 9.47, a P/E/G ratio of 1.81 and a beta of 1.82.

Mullen Group Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 6.43%. Mullen Group’s dividend payout ratio (DPR) is currently 60.92%.

Insider Activity at Mullen Group

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

About Mullen Group

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.