MDU Resources (MDU) Expected to Announce Earnings of $0.21 Per Share

Wall Street analysts predict that MDU Resources (NYSE:MDU) will announce $0.21 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have provided estimates for MDU Resources’ earnings, with estimates ranging from $0.20 to $0.21. MDU Resources reported earnings of $0.18 per share in the same quarter last year, which would indicate a positive year over year growth rate of 16.7%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.

On average, analysts expect that MDU Resources 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 financial year, analysts expect that the business will report earnings of $1.51 per share, with EPS estimates ranging from $1.50 to $1.54. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow MDU Resources.

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MDU Resources (NYSE:MDU) last released its 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 had a return on equity of 10.46% and a net margin of 6.33%. The business had revenue of $1.17 billion for the quarter. During the same quarter in the previous year, the business earned $0.33 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis.

Several equities analysts have recently commented on the company. ValuEngine upgraded MDU Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded MDU Resources from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, February 13th. Finally, Williams Capital cut their price target on MDU Resources from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $29.17.

Several institutional investors have recently made changes to their positions in MDU. Robeco Institutional Asset Management B.V. bought a new stake in MDU Resources during the fourth quarter valued at about $118,000. Wedbush Securities Inc. bought a new stake in MDU Resources during the fourth quarter valued at about $213,000. X Square Capital LLC bought a new stake in MDU Resources during the fourth quarter valued at about $233,000. Parametrica Management Ltd bought a new stake in MDU Resources during the fourth quarter valued at about $248,000. Finally, Bessemer Group Inc. boosted its position in MDU Resources by 2,163.0% during the fourth quarter. Bessemer Group Inc. now owns 9,980 shares of the utilities provider’s stock valued at $268,000 after purchasing an additional 9,539 shares in the last quarter. Hedge funds and other institutional investors own 64.02% of the company’s stock.

Shares of MDU Resources stock opened at $27.62 on Friday. The firm has a market cap of $5,394.30, a PE ratio of 22.10, a PEG ratio of 2.40 and a beta of 0.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.04 and a current ratio of 1.32. MDU Resources has a 12 month low of $24.29 and a 12 month high of $28.54.

The company also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Thursday, March 8th were paid a dividend of $0.1975 per share. The ex-dividend date of this dividend was Wednesday, March 7th. This represents a $0.79 annualized dividend and a dividend yield of 2.86%. MDU Resources’s dividend payout ratio is currently 63.20%.

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MDU Resources 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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