Mullen Group Ltd (TSE:MTL) – Equities researchers at Cormark lowered their FY2017 earnings per share estimates for shares of Mullen Group in a research report issued on Friday. Cormark analyst D. Tyerman now anticipates that the company will post earnings per share of $0.47 for the year, down from their prior estimate of $0.54. Cormark also issued estimates for Mullen Group’s Q4 2017 earnings at $0.14 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.18 EPS and FY2018 earnings at $0.73 EPS.
A number of other analysts have also commented on the company. Scotiabank restated an “outperform” rating and issued a C$18.00 price target on shares of Mullen Group in a report on Wednesday, July 26th. CIBC cut their price target on Mullen Group from C$20.50 to C$19.00 in a report on Thursday, July 20th. National Bank Financial upgraded Mullen Group from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$18.00 to C$18.75 in a report on Tuesday, July 25th. Raymond James Financial, Inc. boosted their price target on Mullen Group from C$15.25 to C$15.75 and gave the company a “market perform” rating in a report on Thursday, July 27th. Finally, Canaccord Genuity cut their price target on Mullen Group from C$19.00 to C$18.00 in a report on Friday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Mullen Group has a consensus rating of “Buy” and a consensus target price of C$18.44.
Mullen Group (TSE:MTL) opened at 16.81 on Monday. The firm has a 50-day moving average price of $16.76 and a 200 day moving average price of $15.76. Mullen Group has a 12 month low of $14.49 and a 12 month high of $20.32. The firm has a market capitalization of $1.74 billion and a price-to-earnings ratio of 34.31.
The business also recently announced a monthly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were given a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Thursday, September 28th.
Mullen Group Company Profile
Mullen Group Ltd is a Canada-based supplier of trucking and logistics services. It operates through two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general freight services to customers in Canada and the United States, such as transporting goods, including general freight; commodities, such as cable, pipe and steel; over-dimensional loads, such as heavy equipment and compressors, and dry bulk commodities, such as cement and frac sand.
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