Mullen Group Ltd (TSE:MTL) – Investment analysts at National Bank Financial issued their Q2 2018 earnings per share estimates for Mullen Group in a report released on Thursday. National Bank Financial analyst G. Colman expects that the company will post earnings of $0.11 per share for the quarter. National Bank Financial has a “Outperform” rating and a $16.50 price target on the stock. National Bank Financial also issued estimates for Mullen Group’s Q3 2018 earnings at $0.16 EPS.
MTL has been the topic of a number of other research reports. CIBC reduced their target price on Mullen Group from C$19.00 to C$18.00 in a research report on Thursday, December 14th. BMO Capital Markets reduced their target price on Mullen Group from C$19.00 to C$18.00 in a research report on Friday. TD Securities restated a “hold” rating and issued a C$18.00 target price on shares of Mullen Group in a research report on Tuesday, October 31st. Canaccord Genuity reduced their target price on Mullen Group from C$19.00 to C$18.00 in a research report on Friday, October 27th. Finally, Scotiabank reduced their target price on Mullen Group from C$17.00 to C$16.50 and set a “sector perform” rating on the stock in a research report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$16.97.
The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.60 dividend on an annualized basis and a yield of 4.18%. This is an increase from Mullen Group’s previous monthly dividend of $0.03. Mullen Group’s payout ratio is currently 68.42%.
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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.
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