Brokers Set Expectations for Mullen Group Ltd’s Q1 2018 Earnings (MTL)

Mullen Group Ltd (TSE:MTL) – Stock analysts at National Bank Financial lowered their Q1 2018 earnings per share estimates for shares of Mullen Group in a report released on Tuesday. National Bank Financial analyst G. Colman now anticipates that the company will earn $0.05 per share for the quarter, down from their previous forecast of $0.09. National Bank Financial has a “Outperform” rating and a $16.50 price objective on the stock. National Bank Financial also issued estimates for Mullen Group’s Q2 2018 earnings at $0.08 EPS and Q3 2018 earnings at $0.08 EPS.

MTL has been the topic of a number of other research reports. CIBC decreased their target price on shares of Mullen Group from C$19.00 to C$18.00 in a research report on Thursday, December 14th. BMO Capital Markets decreased their target price on shares of Mullen Group from C$19.00 to C$18.00 in a research report on Friday, February 9th. TD Securities reaffirmed 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 decreased their target price on shares of Mullen Group from C$19.00 to C$18.00 in a research report on Friday, October 27th. Finally, Scotiabank decreased their target price on shares of 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 research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Mullen Group currently has an average rating of “Buy” and a consensus target price of C$16.97.

Mullen Group (MTL) opened at C$14.63 on Thursday. Mullen Group has a 1 year low of C$14.18 and a 1 year high of C$17.62. The company has a market cap of $1,510.00, a PE ratio of 23.22 and a beta of 0.25.

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Tuesday, January 30th. This is a boost from Mullen Group’s previous monthly dividend of $0.03. Mullen Group’s dividend payout ratio is currently 61.90%.

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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.

Earnings History and Estimates for Mullen Group (TSE:MTL)

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