MDU Resources Group (MDU) Updates FY 2018 Earnings Guidance

MDU Resources Group (NYSE:MDU) issued an update on its FY 2018 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.25-1.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39. MDU Resources Group also updated its FY18 guidance to $1.25-1.45 EPS.

MDU stock traded down $0.45 during midday trading on Friday, hitting $25.47. 53,867 shares of the stock traded hands, compared to its average volume of 933,734. The firm has a market cap of $4.95 billion, a PE ratio of 20.38, 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 quick ratio of 1.05 and a current ratio of 1.39. MDU Resources Group has a 1-year low of $24.29 and a 1-year high of $29.62.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.01). The firm had revenue of $1.28 billion for the quarter. MDU Resources Group had a net margin of 6.45% and a return on equity of 10.40%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. Research analysts predict that MDU Resources Group will post 1.38 earnings per share for the current fiscal year.

MDU has been the topic of several analyst reports. KeyCorp raised their price target on shares of MDU Resources Group from $29.00 to $30.00 and gave the company a $29.34 rating in a research report on Thursday, July 19th. Citigroup lifted their target price on shares of MDU Resources Group from $28.00 to $29.00 and gave the company a neutral rating in a research report on Tuesday, July 31st. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. MDU Resources Group presently 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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