MDU Resources Group (MDU) Releases Quarterly Earnings Results, Hits Estimates
MDU Resources Group (NYSE:MDU) released its earnings data on Monday. The company reported $0.29 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.29, Stock Ratings Network.com reports. 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. MDU Resources Group updated its FY14 guidance to $1.50-1.65 EPS.
On the ratings front, 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $35.86.
Shares of MDU Resources Group (NYSE:MDU) traded up 0.26% during mid-day trading on Monday, hitting $31.42. 802,960 shares of the company’s stock traded hands. MDU Resources Group has a one year low of $25.94 and a one year high of $36.05. The stock has a 50-day moving average of $33.51 and a 200-day moving average of $33.67. The company has a market cap of $6.020 billion and a P/E ratio of 21.35.
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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