FY2027 EPS Estimates for Mullen Group Lowered by Scotiabank

Mullen Group Ltd. (TSE:MTL) – Investment analysts at Scotiabank reduced their FY2027 earnings per share (EPS) estimates for shares of Mullen Group in a report released on Thursday, February 19th. Scotiabank analyst K. Gupta now forecasts that the company will post earnings of $1.18 per share for the year, down from their prior forecast of $1.19. Scotiabank has a “Sector Perform” rating and a $18.50 price objective on the stock.

Mullen Group (TSE:MTL) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.15 earnings per share (EPS) for the quarter. The business had revenue of C$533.88 million for the quarter. Mullen Group had a return on equity of 12.39% and a net margin of 6.18%.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets raised their target price on shares of Mullen Group from C$16.00 to C$18.00 in a research report on Monday, December 8th. Canadian Imperial Bank of Commerce increased their price objective on shares of Mullen Group from C$15.00 to C$17.00 in a research note on Thursday, January 8th. National Bank Financial lifted their price objective on shares of Mullen Group from C$16.50 to C$19.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Raymond James Financial lowered Mullen Group from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Finally, Desjardins increased their target price on Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Mullen Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.95.

Mullen Group Stock Up 0.6%

TSE:MTL opened at C$17.38 on Monday. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. Mullen Group has a 1-year low of C$11.81 and a 1-year high of C$17.74. The company has a 50-day moving average of C$16.50 and a 200 day moving average of C$14.98. The firm has a market cap of C$1.67 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.81 and a beta of 0.78.

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.