Scotiabank Has Negative View of Mullen Group FY2025 Earnings

Mullen Group Ltd. (TSE:MTL) – Equities researchers at Scotiabank lowered their FY2025 earnings per share estimates for Mullen Group in a research report issued on Friday, January 23rd. Scotiabank analyst K. Gupta now anticipates that the company will earn $0.95 per share for the year, down from their previous forecast of $1.05. Scotiabank has a “Sector Perform” rating and a $18.50 price objective on the stock. Scotiabank also issued estimates for Mullen Group’s FY2026 earnings at $1.15 EPS and FY2027 earnings at $1.19 EPS.

MTL has been the subject of a number of other reports. CIBC lifted their price target on Mullen Group from C$15.00 to C$17.00 in a report on Thursday, January 8th. Raymond James Financial downgraded Mullen Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, December 8th. Royal Bank Of Canada lifted their price objective on shares of Mullen Group from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. BMO Capital Markets lifted their target price on Mullen Group from C$16.00 to C$18.00 in a report on Monday, December 8th. Finally, Desjardins upped their price target on shares of Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Friday, December 12th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$17.95.

Mullen Group Stock Down 1.0%

Shares of MTL opened at C$16.42 on Monday. The business’s 50 day simple moving average is C$15.76 and its 200-day simple moving average is C$14.55. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. Mullen Group has a one year low of C$11.81 and a one year high of C$16.95. The company has a market capitalization of C$1.43 billion, a P/E ratio of 15.49, a PEG ratio of 1.81 and a beta of 0.66.

Mullen Group (TSE:MTL) last issued its earnings results on Wednesday, October 22nd. The company reported C$0.36 EPS for the quarter. The company had revenue of C$561.72 million for the quarter. Mullen Group had a net margin of 6.18% and a return on equity of 12.39%.

Mullen Group Company Profile

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.