FY2025 EPS Estimates for Mullen Group Reduced by Scotiabank

Mullen Group Ltd. (TSE:MTL) – Stock analysts at Scotiabank decreased their FY2025 EPS estimates for shares of Mullen Group in a research report issued to clients and investors on Friday, January 23rd. Scotiabank analyst K. Gupta now expects that the company will post earnings per share of $0.95 for the year, down from their previous 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.

A number of other brokerages also recently issued reports on MTL. BMO Capital Markets lifted their price target on Mullen Group from C$16.00 to C$18.00 in a research report on Monday, December 8th. Desjardins raised their target price on shares of Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Friday, December 12th. TD Securities lifted their target price on shares of 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. Raymond James Financial lowered shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Finally, CIBC raised their price objective on shares of Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$17.95.

Mullen Group Price Performance

Mullen Group stock opened at C$16.77 on Monday. The stock has a market cap of C$1.46 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 1.81 and a beta of 0.66. 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 business has a 50-day simple moving average of C$15.67 and a 200 day simple moving average of C$14.52. Mullen Group has a 52 week low of C$11.81 and a 52 week high of C$16.95.

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

About Mullen Group

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.