Raymond James Weighs in on Mullen Group Ltd.’s FY2027 Earnings (TSE:MTL)

Mullen Group Ltd. (TSE:MTL) – Research analysts at Raymond James reduced their FY2027 earnings per share estimates for Mullen Group in a report released on Thursday, July 25th. Raymond James analyst M. Barth now expects that the company will post earnings of $1.52 per share for the year, down from their previous forecast of $1.55. The consensus estimate for Mullen Group’s current full-year earnings is $1.28 per share. Raymond James also issued estimates for Mullen Group’s FY2028 earnings at $1.71 EPS.

Several other research firms have also weighed in on MTL. National Bankshares lowered their price objective on Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Scotiabank reduced their price target on shares of Mullen Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. TD Securities raised their price objective on shares of Mullen Group from C$21.00 to C$22.00 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets raised Mullen Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$14.50 to C$17.00 in a report on Friday, July 26th. Finally, CIBC increased their price target on Mullen Group from C$15.50 to C$16.50 in a research report on Friday, July 26th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.33.

Mullen Group Price Performance

Shares of MTL stock opened at C$15.05 on Monday. Mullen Group has a 12 month low of C$12.47 and a 12 month high of C$16.02. The company has a market capitalization of C$1.33 billion, a P/E ratio of 10.99, a P/E/G ratio of 1.81 and a beta of 1.81. The stock has a 50 day moving average of C$13.18 and a two-hundred day moving average of C$13.96. The company has a current ratio of 0.78, a quick ratio of 1.06 and a debt-to-equity ratio of 80.16.

Insiders Place Their Bets

In other news, Senior Officer Carson Paul Urlacher bought 25,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was bought at an average cost of C$12.90 per share, with a total value of C$322,500.00. Company insiders own 6.30% of the company’s stock.

Mullen Group Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Wednesday, July 31st. Mullen Group’s dividend payout ratio is 52.55%.

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.