FY2026 EPS Estimates for Mullen Group Increased by Analyst

Posted by Brian Himes on Jul 24th, 2026

Mullen Group Ltd. (TSE:MTL – Free Report) – Equities researchers at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for Mullen Group in a report issued on Thursday, July 23rd. Scotiabank analyst K. Gupta now forecasts that the company will post earnings per share of $1.23 for the year, up from their previous forecast of $1.22. Scotiabank currently has a “Sector Perform” rating and a $21.00 price target on the stock. Scotiabank also issued estimates for Mullen Group’s FY2027 earnings at $1.25 EPS.

Mullen Group (TSE:MTL – Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported C$0.41 earnings per share for the quarter. The business had revenue of C$609.30 million during the quarter. Mullen Group had a return on equity of 8.72% and a net margin of 4.32%.

A number of other analysts have also commented on MTL. Desjardins lifted their price target on shares of Mullen Group from C$20.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Canadian Imperial Bank of Commerce increased their price objective on shares of Mullen Group from C$20.00 to C$22.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Acumen Capital raised their target price on shares of Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Royal Bank Of Canada lifted their target price on shares of Mullen Group from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Finally, Raymond James Financial boosted their target price on shares of Mullen Group from C$17.00 to C$18.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$21.11.

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Mullen Group Stock Performance

Shares of TSE MTL opened at C$26.80 on Friday. The firm’s 50-day moving average price is C$22.56 and its 200-day moving average price is C$19.32. The company has a quick ratio of 1.06, a current ratio of 2.07 and a debt-to-equity ratio of 91.65. The company has a market cap of C$2.57 billion, a PE ratio of 26.27, a PEG ratio of 1.81 and a beta of 1.13. Mullen Group has a 52-week low of C$12.98 and a 52-week high of C$27.23.

Mullen Group Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were given a $0.07 dividend. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, April 30th. Mullen Group’s dividend payout ratio (DPR) is presently 82.35%.

Insider Activity

In other Mullen Group news, Director Stephen H. Lockwood sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$21.50, for a total transaction of C$75,250.00. Following the completion of the sale, the director directly owned 7,562 shares in the company, valued at C$162,583. The trade was a 31.64% decrease in their position. 6.32% of the stock is currently owned by corporate insiders.

Mullen Group Company Profile

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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.