Cormark Issues Negative Estimate for Mullen Group Earnings

Mullen Group Ltd. (TSE:MTL) – Investment analysts at Cormark reduced their Q3 2025 earnings per share estimates for shares of Mullen Group in a note issued to investors on Tuesday, December 10th. Cormark analyst D. Ocampo now anticipates that the company will post earnings of $0.39 per share for the quarter, down from their prior estimate 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.

Other analysts have also issued research reports about the stock. TD Securities cut their price objective on shares of Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. National Bankshares boosted their price objective on Mullen Group from C$18.00 to C$19.00 in a report on Monday. Raymond James dropped their target price on Mullen Group from C$18.75 to C$18.50 in a report on Tuesday. BMO Capital Markets boosted their price target on Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. Finally, CIBC raised their price objective on shares of Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$18.97.

Mullen Group Trading Down 0.1 %

Mullen Group stock opened at C$15.42 on Friday. Mullen Group has a 52 week low of C$12.47 and a 52 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. The company has a market capitalization of C$1.35 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The stock has a 50-day moving average price of C$15.03 and a 200 day moving average price of C$14.11.

Mullen Group Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date was Thursday, October 31st. Mullen Group’s dividend payout ratio is presently 62.69%.

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.