Mullen Group Ltd (TSE:MTL) – Analysts at Cormark cut their Q1 2018 EPS estimates for shares of Mullen Group in a research report issued on Friday. Cormark analyst D. Tyerman now forecasts that the company will post earnings per share of $0.13 for the quarter, down from their previous forecast of $0.15. Cormark also issued estimates for Mullen Group’s Q2 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.21 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $0.86 EPS, FY2020 earnings at $0.96 EPS, FY2021 earnings at $1.04 EPS and FY2022 earnings at $1.10 EPS.
MTL has been the topic of several other reports. CIBC dropped their target price on Mullen Group from C$19.00 to C$18.00 in a report on Thursday, December 14th. BMO Capital Markets dropped their price objective on Mullen Group from C$19.00 to C$18.00 in a report on Friday. National Bank Financial downgraded Mullen Group from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$18.25 to C$16.50 in a report on Monday, December 11th. TD Securities restated a “hold” rating and set a C$18.00 price objective on shares of Mullen Group in a report on Tuesday, October 31st. Finally, Canaccord Genuity dropped their price objective on Mullen Group from C$19.00 to C$18.00 in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$16.97.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This is an increase from Mullen Group’s previous monthly dividend of $0.03. This represents a $0.60 annualized dividend and a yield of 4.18%. Mullen Group’s payout ratio is currently 68.42%.
COPYRIGHT VIOLATION WARNING: This article was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/02/12/q1-2018-eps-estimates-for-mullen-group-ltd-decreased-by-analyst-mtl.html.
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.
Receive News & Ratings for Mullen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group and related companies with MarketBeat.com's FREE daily email newsletter.