FY2017 Earnings Estimate for Mullen Group Ltd (MTL) Issued By Cormark

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.

TRADEMARK VIOLATION NOTICE: “FY2017 Earnings Estimate for Mullen Group Ltd (MTL) Issued By Cormark” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.com-unik.info/2017/10/31/fy2017-earnings-estimate-for-mullen-group-ltd-mtl-issued-by-cormark.html.

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.

Earnings History and Estimates for Mullen Group (TSE:MTL)

What are top analysts saying about Mullen Group Ltd? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mullen Group Ltd and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit