FY2025 EPS Estimates for Mullen Group Cut by Scotiabank

Mullen Group Ltd. (TSE:MTL) – Stock analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for Mullen Group in a research note issued on Friday, January 23rd. Scotiabank analyst K. Gupta now expects that the company will earn $0.95 per share for the year, down from their prior forecast of $1.05. Scotiabank has a “Sector Perform” rating and a $18.50 price objective 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 several other research reports. National Bankshares raised their price objective on shares of Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Raymond James Financial cut Mullen Group from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. TD Securities lifted their price objective on Mullen Group from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Desjardins increased their target price on Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, CIBC lifted their price target on Mullen Group from C$15.00 to C$17.00 in a report on Thursday, January 8th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$17.95.

Mullen Group Trading Down 1.1%

Shares of MTL stock opened at C$16.59 on Monday. The company has a market capitalization of C$1.44 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.81 and a beta of 0.66. Mullen Group has a 12-month low of C$11.81 and a 12-month high of C$16.95. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The firm has a 50-day moving average price of C$15.72 and a 200 day moving average price of C$14.53.

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

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.