MDU Resources Group, Inc. (MDU) Scheduled to Post Earnings on Wednesday
MDU Resources Group, Inc. (NYSE:MDU) is set to post its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect MDU Resources Group to post earnings of $0.46 per share for the quarter. MDU Resources Group has set its FY17 guidance at $1.10-1.25 EPS.
MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.03). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. MDU Resources Group had a return on equity of 10.24% and a net margin of 5.37%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. On average, analysts expect MDU Resources Group to post $1.24 EPS for the current fiscal year and $1.4 EPS for the next fiscal year.
MDU Resources Group, Inc. (NYSE MDU) opened at 26.89 on Wednesday. MDU Resources Group, Inc. has a one year low of $24.80 and a one year high of $29.92. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 23.38 and a beta of 0.91. The stock’s 50 day moving average is $26.77 and its 200 day moving average is $26.57.
The firm also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Thursday, September 14th were paid a dividend of $0.1925 per share. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.77 annualized dividend and a yield of 2.86%. MDU Resources Group’s dividend payout ratio (DPR) is presently 66.96%.
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In other news, CEO David L. Goodin purchased 5,000 shares of MDU Resources Group stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $25.57 per share, for a total transaction of $127,850.00. Following the acquisition, the chief executive officer now directly owns 95,210 shares in the company, valued at $2,434,519.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.95% of the stock is owned by insiders.
Several equities analysts have weighed in on the company. BidaskClub raised MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. KeyCorp reaffirmed a “buy” rating and set a $28.00 target price on shares of MDU Resources Group in a research note on Friday, October 20th. Finally, Zacks Investment Research raised MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.75.
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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