MDU Resources Group (MDU) Issues Quarterly Earnings Results

MDU Resources Group (NYSE:MDU) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.01), Briefing.com reports. The company had revenue of $1.28 billion for the quarter. MDU Resources Group had a return on equity of 10.40% and a net margin of 6.45%. MDU Resources Group’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 earnings per share. MDU Resources Group updated its FY 2018 guidance to $1.25-1.45 EPS and its FY18 guidance to $1.25-1.45 EPS.

MDU stock traded up $0.96 during mid-day trading on Thursday, hitting $25.92. 1,585,000 shares of the company were exchanged, compared to its average volume of 800,371. The firm has a market cap of $4.95 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.81 and a beta of 0.58. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.39 and a quick ratio of 1.05. MDU Resources Group has a twelve month low of $24.29 and a twelve month high of $29.62.

MDU has been the subject of several recent analyst reports. KeyCorp raised their price objective on shares of MDU Resources Group from $29.00 to $30.00 and gave the stock a “$29.34” rating in a report on Thursday, July 19th. Citigroup raised their price objective on shares of MDU Resources Group from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, July 31st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $29.25.

MDU Resources Group Company Profile

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.

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Earnings History for MDU Resources Group (NYSE:MDU)

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