MDU Resources Group Inc. (MDU) Updates FY13 Earnings Guidance
MDU Resources Group Inc. (NYSE:MDU) updated its FY13 earnings guidance on Thursday. The company provided earnings per share guidance of $1.35-1.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39, Stock Ratings Network.com reports.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of MDU Resources Group from a buy rating to a neutral rating in a research note to investors on Wednesday. They now have a $30.00 price target on the stock, up previously from $29.00. On a related note, analysts at Ameriprise Financial initiated coverage on shares of MDU Resources Group in a research note to investors on Monday, October 7th. They set a buy rating on the stock. Finally, analysts at Howard Weil raised their price target on shares of MDU Resources Group from $26.00 to $31.00 in a research note to investors on Wednesday, August 7th. They now have a sector perform rating on the stock. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. MDU Resources Group presently has a consensus rating of Hold and an average target price of $29.57.
Shares of MDU Resources Group Inc. (NYSE:MDU) traded down 0.17% on Thursday, hitting $29.78. 653,036 shares of the company’s stock traded hands. MDU Resources Group Inc. has a 52-week low of $19.59 and a 52-week high of $30.21. The stock has a 50-day moving average of $28.34 and a 200-day moving average of $27.04. The company has a market cap of $5.623 billion and a P/E ratio of 532.68.
MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.03. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts predict that MDU Resources Group Inc. will post $1.40 earnings per share for the current fiscal year.
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (NYSE:MDU) is a public utility division of the Company.
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