FY2026 EPS Estimates for Mullen Group Lifted by Scotiabank

Mullen Group Ltd. (TSE:MTL) – Investment analysts at Scotiabank upped their FY2026 earnings per share estimates for shares of Mullen Group in a report released on Friday, April 10th. Scotiabank analyst K. Gupta now forecasts that the company will post earnings of $1.16 per share for the year, up from their previous estimate of $1.15. Scotiabank currently has a “Sector Perform” rating and a $19.00 price target on the stock.

Mullen Group (TSE:MTL) last posted its quarterly earnings data on Thursday, February 12th. The company reported C$0.15 earnings per share for the quarter. Mullen Group had a return on equity of 8.68% and a net margin of 4.27%.The business had revenue of C$533.88 million during the quarter.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada boosted their price objective on Mullen Group from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Monday. National Bank Financial boosted their price objective on Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Mullen Group currently has an average rating of “Moderate Buy” and an average target price of C$18.20.

Mullen Group Price Performance

TSE MTL opened at C$18.33 on Monday. Mullen Group has a twelve month low of C$11.89 and a twelve month high of C$18.36. The company has a debt-to-equity ratio of 111.51, a quick ratio of 1.06 and a current ratio of 2.17. The stock has a market capitalization of C$1.76 billion, a PE ratio of 18.33, a P/E/G ratio of 1.81 and a beta of 0.76. The stock has a 50-day simple moving average of C$17.06 and a 200 day simple moving average of C$15.80.

Mullen Group Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were paid a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, February 27th. Mullen Group’s payout ratio is currently 84.00%.

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.