Analysts expect MDU Resources Group Inc (NYSE:MDU) to post earnings of $0.21 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for MDU Resources Group’s earnings. MDU Resources Group reported earnings of $0.18 per share during the same quarter last year, which indicates a positive year over year growth rate of 16.7%. The firm is expected to issue its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that MDU Resources Group will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.45. For the next fiscal year, analysts anticipate that the company will report earnings of $1.52 per share, with EPS estimates ranging from $1.50 to $1.54. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover MDU Resources Group.
MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. MDU Resources Group had a return on equity of 10.46% and a net margin of 6.33%. The company had revenue of $1.17 billion during the quarter. During the same period in the prior year, the company posted $0.33 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year.
Several research firms have recently weighed in on MDU. Zacks Investment Research raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, February 13th. ValuEngine raised MDU Resources Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. KeyCorp reissued a “buy” rating and issued a $29.50 price objective on shares of MDU Resources Group in a research report on Friday, December 15th. Finally, Williams Capital reduced their price objective on 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $29.17.
MDU Resources Group stock traded up $0.33 on Monday, hitting $27.88. The stock had a trading volume of 280,039 shares, compared to its average volume of 956,810. MDU Resources Group has a 12 month low of $24.29 and a 12 month high of $28.22. The company has a quick ratio of 1.04, a current ratio of 1.32 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $5,380.64, a PE ratio of 19.37, a price-to-earnings-growth ratio of 2.39 and a beta of 0.78.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 8th will be given a $0.1975 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $0.79 annualized dividend and a dividend yield of 2.83%. MDU Resources Group’s dividend payout ratio is 54.86%.
Several hedge funds and other institutional investors have recently modified their holdings of MDU. Principal Financial Group Inc. raised its stake in shares of MDU Resources Group by 0.4% in the third quarter. Principal Financial Group Inc. now owns 829,768 shares of the utilities provider’s stock valued at $21,532,000 after purchasing an additional 3,261 shares in the last quarter. Sei Investments Co. raised its stake in shares of MDU Resources Group by 47.4% in the third quarter. Sei Investments Co. now owns 7,509 shares of the utilities provider’s stock valued at $195,000 after purchasing an additional 2,414 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of 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 valued at $10,691,000 after purchasing an additional 10,500 shares in the last quarter. Rhumbline Advisers raised its stake in shares of MDU Resources Group by 16.5% in the third quarter. Rhumbline Advisers now owns 411,819 shares of the utilities provider’s stock valued at $10,687,000 after purchasing an additional 58,431 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of 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 valued at $1,974,000 after purchasing an additional 26,357 shares in the last quarter. Institutional investors and hedge funds own 64.03% of the company’s stock.
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MDU Resources Group Company Profile
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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