National Bank Financial Weighs in on Mullen Group Ltd.’s FY2025 Earnings (TSE:MTL)

Mullen Group Ltd. (TSE:MTL) – Research analysts at National Bank Financial boosted their FY2025 earnings estimates for Mullen Group in a research report issued on Tuesday, July 9th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $1.45 for the year, up from their previous estimate of $1.43. The consensus estimate for Mullen Group’s current full-year earnings is $1.28 per share.

Other research analysts have also recently issued reports about the company. BMO Capital Markets reduced their target price on Mullen Group from C$16.00 to C$14.50 in a research report on Friday, April 26th. Raymond James reduced their target price on Mullen Group from C$17.00 to C$16.50 and set a “market perform” rating for the company in a research report on Friday, April 26th. National Bankshares reduced their target price on Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Scotiabank reduced their target price on Mullen Group from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Finally, Royal Bank of Canada reduced their target price on Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$17.83.

Mullen Group Stock Up 0.5 %

Shares of MTL stock opened at C$13.23 on Friday. The stock has a market cap of C$1.17 billion, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 1.81 and a beta of 1.81. Mullen Group has a one year low of C$12.47 and a one year high of C$16.20. The stock has a fifty day moving average price of C$12.93 and a 200 day moving average price of C$13.99. The company has a debt-to-equity ratio of 80.16, a current ratio of 0.78 and a quick ratio of 1.06.

Mullen Group (TSE:MTL) last announced its quarterly earnings data on Thursday, April 25th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.30 by C($0.05). The company had revenue of C$462.60 million during the quarter, compared to analyst estimates of C$501.00 million. Mullen Group had a return on equity of 13.19% and a net margin of 6.49%.

Mullen Group Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be given a $0.06 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.72 dividend on an annualized basis and a yield of 5.44%. Mullen Group’s payout ratio is 52.55%.

Insider Buying and Selling

In other news, Senior Officer Carson Paul Urlacher acquired 25,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was purchased at an average cost of C$12.90 per share, for a total transaction of C$322,500.00. Corporate insiders own 6.30% of the company’s stock.

About Mullen Group

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.