FY2017 Earnings Forecast for Mullen Group Ltd Issued By National Bank Financial (TSE:MTL)

Mullen Group Ltd (TSE:MTL) – Stock analysts at National Bank Financial lifted their FY2017 earnings per share estimates for shares of Mullen Group in a research report issued to clients and investors on Tuesday. National Bank Financial analyst G. Colman now forecasts that the company will post earnings per share of $0.60 for the year, up from their previous estimate of $0.47. National Bank Financial currently has a “Outperform” rating and a $18.75 target price on the stock.

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Other equities research analysts have also issued research reports about the company. Raymond James Financial, Inc. increased their target price on Mullen Group from C$15.25 to C$15.75 and gave the company a “market perform” rating in a research note on Thursday. Scotiabank reissued an “outperform” rating and issued a C$18.00 price target on shares of Mullen Group in a report on Wednesday. CIBC reduced their price target on Mullen Group from C$20.50 to C$19.00 in a report on Thursday, July 20th. BMO Capital Markets reduced their target price on Mullen Group from C$21.00 to C$19.00 in a report on Friday, April 21st. Finally, Royal Bank Of Canada reduced their target price on Mullen Group from C$20.00 to C$17.00 and set an “outperform” rating on the stock in a report on Friday, April 21st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Mullen Group currently has a consensus rating of “Buy” and an average price target of C$18.81.

Mullen Group (TSE MTL) opened at 15.98 on Thursday. The company has a market capitalization of $1.66 billion and a P/E ratio of 36.74. The firm has a 50-day moving average of $15.67 and a 200-day moving average of $16.40. Mullen Group has a one year low of $14.49 and a one year high of $20.32.

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.36 annualized dividend and a yield of 2.25%.

Mullen Group Company Profile

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.

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

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