Q1 2018 EPS Estimates for Mullen Group Ltd Decreased by Analyst (MTL)

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.

Shares of Mullen Group (TSE:MTL) opened at C$14.35 on Monday. The company has a market capitalization of $1,490.00, a PE ratio of 25.18 and a beta of 0.25. Mullen Group has a twelve month low of C$14.18 and a twelve month high of C$17.62.

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%.

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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)

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