Wall Street brokerages expect Mdu Resources Group Inc (NYSE:MDU) to announce earnings of $0.24 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Mdu Resources Group’s earnings. Mdu Resources Group reported earnings per share of $0.22 during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.1%. The company is expected to issue its next earnings results on Wednesday, May 1st.
According to Zacks, analysts expect that Mdu Resources Group will report full-year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.48 to $1.55. For the next financial year, analysts forecast that the firm will report earnings of $1.58 per share. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Mdu Resources Group.
Mdu Resources Group (NYSE:MDU) last issued its earnings results on Tuesday, February 5th. The utilities provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). Mdu Resources Group had a return on equity of 10.91% and a net margin of 6.01%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Mdu Resources Group’s revenue for the quarter was up 3.8% on a year-over-year basis.
Separately, Zacks Investment Research raised Mdu Resources Group from a “sell” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Thursday, January 3rd.
Shares of NYSE MDU traded up $0.22 on Thursday, reaching $26.42. 1,175,613 shares of the company traded hands, compared to its average volume of 1,019,520. Mdu Resources Group has a fifty-two week low of $22.73 and a fifty-two week high of $29.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.67 and a quick ratio of 1.30. The company has a market cap of $5.14 billion, a P/E ratio of 19.14, a P/E/G ratio of 3.00 and a beta of 0.69.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Thursday, March 14th will be given a dividend of $0.2025 per share. This represents a $0.81 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Wednesday, March 13th. Mdu Resources Group’s dividend payout ratio is currently 58.70%.
Several hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC purchased a new stake in shares of Mdu Resources Group during the 4th quarter worth about $25,000. Benjamin F. Edwards & Company Inc. raised its stake in Mdu Resources Group by 21.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,797 shares of the utilities provider’s stock valued at $67,000 after buying an additional 497 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Mdu Resources Group by 2,284.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,839,065 shares of the utilities provider’s stock valued at $77,000 after buying an additional 1,761,923 shares during the period. ETF Managers Group LLC raised its stake in Mdu Resources Group by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 4,629 shares of the utilities provider’s stock valued at $110,000 after buying an additional 630 shares during the period. Finally, Bremer Trust National Association bought a new stake in Mdu Resources Group in the fourth quarter valued at approximately $149,000. 63.55% of the stock is currently owned by institutional investors and hedge funds.
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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