Cormark Issues Pessimistic Outlook for Mullen Group Earnings

Mullen Group Ltd. (TSE:MTL) – Cormark cut their Q3 2025 EPS estimates for Mullen Group in a research note issued to investors on Tuesday, December 10th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $0.39 for the quarter, down from their prior forecast of $0.40. Cormark also issued estimates for Mullen Group’s Q4 2025 earnings at $0.32 EPS, FY2025 earnings at $1.27 EPS and FY2026 earnings at $1.44 EPS.

Several other research firms have also recently issued reports on MTL. TD Securities decreased their price objective on shares of Mullen Group from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. CIBC lifted their price target on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. National Bankshares upped their price objective on Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. BMO Capital Markets boosted their target price on Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. Finally, Raymond James dropped their price target on shares of Mullen Group from C$18.75 to C$18.50 in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$18.97.

Mullen Group Price Performance

Shares of MTL opened at C$15.41 on Friday. The company has a market cap of C$1.35 billion, a P/E ratio of 11.50, a PEG ratio of 1.81 and a beta of 1.82. The firm’s 50 day moving average price is C$15.05 and its 200 day moving average price is C$14.13. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.06. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56.

Mullen Group Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend was Thursday, October 31st. Mullen Group’s dividend payout ratio (DPR) is 62.69%.

Mullen Group Company Profile

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.