Mullen Group Ltd (TSE:MTL) – Equities researchers at Cormark cut their Q1 2018 earnings per share estimates for Mullen Group in a report issued on Friday. Cormark analyst D. Tyerman now anticipates that the company will post earnings of $0.13 per share for the quarter, down from their prior estimate 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.

A number of other analysts have also recently weighed in on the company. National Bank Financial cut Mullen Group from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$18.25 to C$16.50 in a research report on Monday, December 11th. TD Securities reiterated a “hold” rating and set a C$18.00 price target on shares of Mullen Group in a research report on Tuesday, October 31st. CIBC lowered their target price on Mullen Group from C$19.00 to C$18.00 in a research report on Thursday, December 14th. Industrial Alliance Securities lowered their target price on Mullen Group from C$20.00 to C$19.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, December 12th. Finally, Canaccord Genuity lowered their target price on Mullen Group from C$19.00 to C$18.00 in a research report on Friday, October 27th. Three investment 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 company’s stock. Mullen Group currently has a consensus rating of “Buy” and an average target price of C$16.97.

Shares of Mullen Group (TSE MTL) opened at C$14.53 on Monday. The firm has a market capitalization of $1,510.00, a P/E ratio of 23.06 and a beta of 0.25. Mullen Group has a 1 year low of C$14.18 and a 1 year high of C$17.62.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a $0.05 dividend. This is a boost from Mullen Group’s previous monthly dividend of $0.03. This represents a $0.60 annualized dividend and a yield of 4.13%. The ex-dividend date is Tuesday, January 30th. Mullen Group’s dividend payout ratio (DPR) is currently 61.90%.

COPYRIGHT VIOLATION WARNING: This article was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at https://theolympiareport.com/2018/02/14/q1-2018-eps-estimates-for-mullen-group-ltd-mtl-lowered-by-cormark.html.

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)

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.