FY2017 EPS Estimates for Mullen Group Ltd (MTL) Lifted by National Bank Financial

Mullen Group Ltd (TSE:MTL) – National Bank Financial increased their FY2017 earnings per share (EPS) estimates for Mullen Group in a research report issued on Thursday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings of $0.69 per share for the year, up from their previous forecast of $0.61. National Bank Financial has a “Outperform” rating and a $18.25 price objective on the stock. National Bank Financial also issued estimates for Mullen Group’s Q4 2017 earnings at $0.11 EPS and FY2018 earnings at $0.54 EPS.

MTL has been the subject of a number of other reports. Raymond James Financial, Inc. boosted their target price on shares of Mullen Group from C$15.25 to C$15.75 and gave the company a “market perform” rating in a research report on Thursday, July 27th. CIBC decreased their target price on shares of Mullen Group from C$20.50 to C$19.00 in a research report on Thursday, July 20th. Canaccord Genuity decreased their price objective on shares of Mullen Group from C$19.00 to C$18.00 in a research report on Friday, October 27th. Scotiabank downgraded shares of Mullen Group from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$18.00 to C$17.50 in a research report on Thursday, October 12th. Finally, TD Securities reiterated a “hold” rating and issued a C$18.00 price objective on shares of Mullen Group in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$17.81.

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Mullen Group (TSE:MTL) opened at 16.93 on Monday. Mullen Group has a one year low of $14.49 and a one year high of $20.32. The company’s 50-day moving average is $16.80 and its 200 day moving average is $15.77. The stock has a market capitalization of $1.75 billion and a price-to-earnings ratio of 34.55.

The company also recently disclosed a monthly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were given a $0.03 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.13%.

About Mullen Group

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)

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