Mullen Group (MLLGF) Set to Announce Quarterly Earnings on Thursday

Mullen Group (OTCMKTS:MLLGF) is expected to be releasing its results before the market opens on Thursday, October 22nd. Analysts expect the company to post earnings of $0.2915 per share and revenue of $430.80 million for the quarter.

Mullen Group Price Performance

OTCMKTS:MLLGF opened at $19.81 on Tuesday. Mullen Group has a twelve month low of $9.47 and a twelve month high of $20.35. The company’s 50-day moving average price is $18.74 and its 200-day moving average price is $16.87.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MLLGF shares. BMO Capital Markets reissued an “outperform” rating on shares of Mullen Group in a research note on Friday, July 24th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Mullen Group in a report on Monday, October 5th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Mullen Group in a report on Wednesday, September 30th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Mullen Group in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Mullen Group

Mullen Group Ltd. is a Canadian logistics and transportation company headquartered in Okotoks, Alberta. Through a network of operating companies, it provides freight transportation, specialized hauling, logistics, warehousing and related supply-chain services to customers across Canada and the United States.

The company’s transportation activities include less-than-truckload, truckload and specialized freight services, including the movement of industrial, energy, construction and other oversized or specialized cargo.