Analysts Expect MDU Resources Group Inc (MDU) to Announce $0.21 EPS

Wall Street analysts expect that MDU Resources Group Inc (NYSE:MDU) will report earnings of $0.21 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for MDU Resources Group’s earnings. MDU Resources Group posted earnings of $0.18 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The firm is expected to announce its next earnings report 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 year, with EPS estimates ranging from $1.35 to $1.45. For the next financial year, analysts forecast that the firm will post earnings of $1.52 per share, with EPS estimates ranging from $1.50 to $1.54. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover MDU Resources Group.

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MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.07. The business had revenue of $1.17 billion during the quarter. MDU Resources Group had a net margin of 6.33% and a return on equity of 10.46%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS.

A number of analysts have commented on MDU shares. KeyCorp restated a “buy” rating and set a $29.50 price target on shares of MDU Resources Group in a research note on Friday, December 15th. Zacks Investment Research upgraded shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. 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 note on Thursday, February 8th. Finally, ValuEngine upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $29.17.

Shares of MDU Resources Group stock traded up $0.41 during mid-day trading on Monday, reaching $27.58. 642,704 shares of the company’s stock were exchanged, compared to its average volume of 941,005. The company has a market cap of $5,306.42, a price-to-earnings ratio of 19.15, a PEG ratio of 2.36 and a beta of 0.78. The company has a quick ratio of 1.04, a current ratio of 1.32 and a debt-to-equity ratio of 0.64. MDU Resources Group has a fifty-two week low of $24.29 and a fifty-two week high of $28.22.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Thursday, March 8th will be issued a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, March 7th. MDU Resources Group’s dividend payout ratio is 54.86%.

A number of institutional investors and hedge funds have recently bought and sold shares of MDU. Principal Financial Group Inc. boosted its holdings in MDU Resources Group by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 829,768 shares of the utilities provider’s stock worth $21,532,000 after acquiring an additional 3,261 shares during the last quarter. Sei Investments Co. boosted its holdings in MDU Resources Group by 47.4% during the 3rd quarter. Sei Investments Co. now owns 7,509 shares of the utilities provider’s stock worth $195,000 after acquiring an additional 2,414 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in MDU Resources Group by 2.6% during the 3rd quarter. New York State Common Retirement Fund now owns 412,000 shares of the utilities provider’s stock worth $10,691,000 after acquiring an additional 10,500 shares during the last quarter. Rhumbline Advisers boosted its holdings in MDU Resources Group by 16.5% during the 3rd quarter. Rhumbline Advisers now owns 411,819 shares of the utilities provider’s stock worth $10,687,000 after acquiring an additional 58,431 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in MDU Resources Group by 53.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 76,064 shares of the utilities provider’s stock worth $1,974,000 after acquiring an additional 26,357 shares during the last quarter. 64.03% of the stock is currently owned by hedge funds and other institutional investors.

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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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