Cormark Has Pessimistic Outlook of Mullen Group Q2 Earnings

Mullen Group Ltd. (TSE:MTL) – Cormark reduced 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 expects that the company will earn $0.33 per share 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.

Several other research analysts have also recently weighed in on MTL. TD Securities lowered 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 report on Tuesday, April 15th. Raymond James raised shares of Mullen Group from a “market perform” rating to an “outperform” rating and lowered their price target for the company from C$17.00 to C$16.75 in a report on Thursday, April 24th. CIBC lowered their price target on shares of Mullen Group from C$18.00 to C$15.00 in a report on Thursday, April 10th. Royal Bank of Canada lowered their target price on shares of 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. Finally, Scotiabank lowered their target price on shares of Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$17.06.

Mullen Group Stock Up 0.2 %

Mullen Group stock opened at C$13.09 on Monday. The stock has a market cap of C$1.17 billion, a P/E ratio of 9.49, a P/E/G ratio of 1.81 and a beta of 1.82. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. Mullen Group has a twelve month low of C$11.81 and a twelve month high of C$16.06. The company’s 50-day moving average price is C$12.79 and its two-hundred day moving average price is C$14.14.

Mullen Group Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given 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 dividend yield of 6.42%. Mullen Group’s dividend payout ratio is 60.92%.

Insider Buying and Selling

In related news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of C$13.23 per share, for a total transaction of C$26,460.00. In the last 90 days, insiders have bought 2,832 shares of company stock worth $37,153. Corporate insiders own 6.32% of the company’s stock.

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.