MDU Resources Group Inc (MDU) Issues FY14 Earnings Guidance
MDU Resources Group Inc (NYSE:MDU) updated its FY14 earnings guidance on Monday. The company provided EPS guidance of $1.50-1.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.62, Stock Ratings Network.com reports.
On a related note, analysts at Wells Fargo & Co. initiated coverage on shares of MDU Resources Group in a research note on Thursday, July 10th. They set a market perform rating on the stock. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $35.86.
Shares of MDU Resources Group Inc (NYSE:MDU) traded up 0.26% on Monday, hitting $31.42. 802,960 shares of the company’s stock traded hands. MDU Resources Group Inc has a 52-week low of $25.94 and a 52-week high of $36.05. The stock’s 50-day moving average is $33.51 and its 200-day moving average is $33.67. The company has a market cap of $6.020 billion and a price-to-earnings ratio of 21.35.
MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.29 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.29. The company had revenue of $139.60 million for the quarter, compared to the consensus estimate of $149.60 million. During the same quarter last year, the company posted $0.25 earnings per share. MDU Resources Group’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that MDU Resources Group Inc will post $1.63 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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