MDU Resources Group, Inc. to Post Q3 2017 Earnings of $0.56 Per Share, Williams Capital Forecasts (MDU)
MDU Resources Group, Inc. (NYSE:MDU) – Analysts at Williams Capital issued their Q3 2017 EPS estimates for shares of MDU Resources Group in a research note issued on Thursday. Williams Capital analyst C. Ellinghaus expects that the utilities provider will earn $0.56 per share for the quarter. Williams Capital also issued estimates for MDU Resources Group’s Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $1.28 EPS, FY2018 earnings at $1.62 EPS and FY2019 earnings at $1.75 EPS.
MDU Resources Group (NYSE:MDU) last announced its earnings results on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. MDU Resources Group had a net margin of 5.37% and a return on equity of 10.26%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS.
Several other research firms also recently weighed in on MDU. Zacks Investment Research downgraded MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 13th. BidaskClub downgraded MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. MDU Resources Group currently has an average rating of “Hold” and a consensus target price of $32.33.
Shares of MDU Resources Group (NYSE:MDU) opened at 25.99 on Monday. MDU Resources Group has a 12 month low of $22.94 and a 12 month high of $29.92. The stock has a 50 day moving average of $26.36 and a 200-day moving average of $26.87. The company has a market cap of $5.08 billion, a PE ratio of 22.58 and a beta of 0.91.
Hedge funds have recently modified their holdings of the stock. AT Bancorp acquired a new stake in shares of MDU Resources Group during the second quarter worth about $131,000. Global X Management Co. LLC increased its stake in shares of MDU Resources Group by 220.3% in the second quarter. Global X Management Co. LLC now owns 6,198 shares of the utilities provider’s stock worth $162,000 after buying an additional 4,263 shares during the period. Ffcm LLC increased its stake in shares of MDU Resources Group by 27.6% in the first quarter. Ffcm LLC now owns 6,964 shares of the utilities provider’s stock worth $191,000 after buying an additional 1,508 shares during the period. Mosaic Family Wealth LLC increased its stake in shares of MDU Resources Group by 5.7% in the second quarter. Mosaic Family Wealth LLC now owns 6,972 shares of the utilities provider’s stock worth $183,000 after buying an additional 374 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of MDU Resources Group during the second quarter worth about $210,000. Hedge funds and other institutional investors own 63.73% of the company’s stock.
MDU Resources Group Company Profile
MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.
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