Mullen Group Ltd (MTL) to Post FY2017 Earnings of $0.61 Per Share, National Bank Financial Forecasts
Mullen Group Ltd (TSE:MTL) – Equities research analysts at National Bank Financial upped their FY2017 earnings per share estimates for Mullen Group in a report issued on Tuesday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings of $0.61 per share for the year, up from their prior estimate of $0.60. National Bank Financial has a “Outperform” rating and a $18.75 price objective on the stock.
Several other analysts have also commented on the stock. Raymond James Financial, Inc. increased their price target on shares of Mullen Group from C$15.25 to C$15.75 and gave the company a “market perform” rating in a research report on Thursday, July 27th. Scotiabank reissued an “outperform” rating and set a C$18.00 price target on shares of Mullen Group in a research report on Wednesday, July 26th. Finally, CIBC decreased their price target on shares of Mullen Group from C$20.50 to C$19.00 in a research report on Thursday, July 20th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Mullen Group has an average rating of “Buy” and a consensus price target of C$18.81.
Mullen Group (MTL) opened at 15.20 on Thursday. The stock has a market capitalization of $1.58 billion and a PE ratio of 31.02. The firm has a 50-day moving average of $15.49 and a 200 day moving average of $15.76. Mullen Group has a one year low of $14.49 and a one year high of $20.32.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Tuesday, August 29th.
About Mullen Group
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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