Equities research analysts expect that MDU Resources Group Inc (NYSE:MDU) will post earnings of $0.21 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for MDU Resources Group’s earnings. MDU Resources Group posted earnings of $0.18 per share during the same quarter last year, which would indicate a positive year over year growth rate of 16.7%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, May 2nd.
On average, analysts expect that MDU Resources Group will report full-year earnings of $1.38 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.45. For the next year, analysts expect that the company will report earnings of $1.52 per share, with EPS estimates ranging from $1.50 to $1.54. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow MDU Resources Group.
MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. MDU Resources Group had a net margin of 6.33% and a return on equity of 10.46%. The business had revenue of $1.17 billion during the quarter. During the same period in the previous year, the business posted $0.33 EPS. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year.
A number of research firms have recently weighed in on MDU. Williams Capital decreased their price target on shares of MDU Resources Group from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. ValuEngine raised shares of MDU Resources Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, February 13th. Finally, KeyCorp reissued a “buy” rating and set a $29.50 price target on shares of MDU Resources Group in a research report on Friday, December 15th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $29.17.
MDU stock opened at $27.94 on Thursday. MDU Resources Group has a twelve month low of $24.29 and a twelve month high of $28.54. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.32 and a quick ratio of 1.04. The company has a market cap of $5,456.79, a PE ratio of 22.35, a P/E/G ratio of 2.42 and a beta of 0.69.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, April 1st. Shareholders of record on Thursday, March 8th were issued a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Wednesday, March 7th. MDU Resources Group’s dividend payout ratio is presently 63.20%.
A number of institutional investors have recently added to or reduced their stakes in MDU. Sei Investments Co. boosted its holdings in MDU Resources Group by 47.4% in the third quarter. Sei Investments Co. now owns 7,509 shares of the utilities provider’s stock worth $195,000 after purchasing an additional 2,414 shares during the period. New York State Common Retirement Fund boosted its holdings in MDU Resources Group by 2.6% in the third quarter. New York State Common Retirement Fund now owns 412,000 shares of the utilities provider’s stock worth $10,691,000 after purchasing an additional 10,500 shares during the period. Russell Investments Group Ltd. boosted its holdings in MDU Resources Group by 53.0% in the third quarter. Russell Investments Group Ltd. now owns 76,064 shares of the utilities provider’s stock worth $1,974,000 after purchasing an additional 26,357 shares during the period. Ameriprise Financial Inc. boosted its holdings in MDU Resources Group by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 591,948 shares of the utilities provider’s stock worth $15,362,000 after purchasing an additional 7,139 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in MDU Resources Group by 5.1% in the third quarter. Nordea Investment Management AB now owns 82,460 shares of the utilities provider’s stock worth $2,140,000 after purchasing an additional 3,985 shares during the period. 64.03% of the stock is owned by hedge funds and other institutional investors.
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About MDU Resources Group
MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.
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