Zacks: Brokerages Expect MDU Resources Group Inc (MDU) Will Announce Earnings of $0.34 Per Share
Wall Street analysts predict that MDU Resources Group Inc (NYSE:MDU) will announce $0.34 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have provided estimates for MDU Resources Group’s earnings. MDU Resources Group reported earnings of $0.33 per share in the same quarter last year, which would indicate a positive year over year growth rate of 3%. The business is expected to issue its next quarterly earnings report on Wednesday, February 7th.
On average, analysts expect that MDU Resources Group will report full year earnings of $1.19 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.20. For the next financial year, analysts expect that the business will report earnings of $1.29 per share, with EPS estimates ranging from $1.28 to $1.30. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow MDU Resources Group.
MDU Resources Group (NYSE:MDU) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The company had revenue of $1.27 billion for the quarter. MDU Resources Group had a net margin of 5.39% and a return on equity of 10.20%. During the same period in the previous year, the firm posted $0.45 EPS.
A number of institutional investors have recently made changes to their positions in MDU. AT Bancorp bought a new position in MDU Resources Group in the 2nd quarter worth about $131,000. Global X Management Co. LLC raised its position in MDU Resources Group by 220.3% in the 2nd 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MDU Resources Group by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock worth $175,000 after buying an additional 537 shares during the last quarter. Mosaic Family Wealth LLC raised its position in MDU Resources Group by 5.7% in the 2nd 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 last quarter. Finally, Ffcm LLC raised its position in MDU Resources Group by 5.7% in the 2nd quarter. Ffcm LLC now owns 7,360 shares of the utilities provider’s stock worth $193,000 after buying an additional 396 shares during the last quarter. Institutional investors own 63.61% of the company’s stock.
Shares of MDU Resources Group (NYSE MDU) traded down $0.15 during midday trading on Thursday, hitting $27.50. 561,100 shares of the company traded hands, compared to its average volume of 846,465. The company has a current ratio of 1.28, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. MDU Resources Group has a 12 month low of $25.14 and a 12 month high of $29.92. The stock has a market capitalization of $5,400.17, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 2.90 and a beta of 0.91.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Thursday, December 14th will be paid a $0.1975 dividend. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.79 dividend on an annualized basis and a yield of 2.87%. MDU Resources Group’s payout ratio is presently 65.25%.
About MDU Resources Group
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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