Mullen Group Ltd (TSE:MTL) – Analysts at Cormark cut their Q3 2017 earnings estimates for Mullen Group in a research report issued to clients and investors on Wednesday. Cormark analyst D. Tyerman now expects that the company will earn $0.18 per share for the quarter, down from their previous estimate of $0.21. Cormark also issued estimates for Mullen Group’s FY2017 earnings at $0.54 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.23 EPS and Q4 2018 earnings at $0.20 EPS.
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Other equities analysts also recently issued research reports about the company. National Bank Financial downgraded Mullen Group from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Wednesday, April 19th. Raymond James Financial, Inc. downgraded Mullen Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$18.50 to C$16.25 in a research report on Monday, April 24th. Scotiabank reaffirmed an “outperform” rating and set a C$18.00 price objective on shares of Mullen Group in a research report on Wednesday. CIBC dropped their price objective on Mullen Group from C$20.50 to C$19.00 in a research report on Thursday, July 20th. Finally, BMO Capital Markets dropped their price objective on Mullen Group from C$21.00 to C$19.00 in a research report on Friday, April 21st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$18.81.
Mullen Group (TSE MTL) opened at 15.98 on Thursday. The stock has a 50 day moving average of $15.67 and a 200 day moving average of $16.40. The company has a market cap of $1.66 billion and a PE ratio of 36.74. Mullen Group has a one year low of $14.49 and a one year high of $20.32.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.36 dividend on an annualized basis and a yield of 2.25%.
Mullen Group Company Profile
Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company operates through its Business Units, which are divided into 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.
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