MDU Resources Group (MDU) to Release Earnings on Thursday

MDU Resources Group (NYSE:MDU) will likely be releasing its earnings data before the market opens on Thursday, February 6th. Analysts expect MDU Resources Group to post earnings of $0.31 per share and revenue of $789.62 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $969.17 million. MDU Resources Group had a return on equity of 11.24% and a net margin of 8.92%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. On average, analysts expect MDU Resources Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

MDU Resources Group Price Performance

Shares of MDU opened at $17.71 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07. The company’s fifty day moving average price is $18.53 and its 200-day moving average price is $22.80. The firm has a market capitalization of $3.61 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 2.67 and a beta of 0.80. MDU Resources Group has a 1-year low of $14.91 and a 1-year high of $30.52.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Thursday, December 12th were issued a $0.13 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.52 annualized dividend and a dividend yield of 2.94%. MDU Resources Group’s dividend payout ratio (DPR) is presently 26.67%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Jefferies Financial Group assumed coverage on MDU Resources Group in a report on Wednesday, January 8th. They issued a “hold” rating and a $18.00 price objective on the stock. Bank of America upgraded MDU Resources Group from a “neutral” rating to a “buy” rating and dropped their price target for the company from $31.00 to $17.00 in a research report on Tuesday, November 5th. StockNews.com started coverage on shares of MDU Resources Group in a research note on Friday, January 3rd. They set a “hold” rating on the stock. Finally, Siebert Williams Shank raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

About MDU Resources Group

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.