Analysts forecast that MDU Resources Group Inc (NYSE:MDU) will report earnings of $0.34 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued 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 firm is expected to issue its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that MDU Resources Group will report full year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.20. For the next fiscal year, analysts anticipate that the company will report earnings of $1.29 per share, with EPS estimates ranging from $1.28 to $1.30. Zacks’ EPS averages are an average based on a survey of analysts that follow MDU Resources Group.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). MDU Resources Group had a return on equity of 10.20% and a net margin of 5.39%. The business had revenue of $1.27 billion during the quarter. During the same period last year, the business earned $0.45 EPS.

Several analysts have weighed in on the stock. KeyCorp reiterated a “buy” rating and issued a $29.50 price objective on shares of MDU Resources Group in a research note on Friday, December 15th. Zacks Investment Research upgraded shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th.

Hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 valued at $175,000 after buying an additional 537 shares during the period. Ffcm LLC increased its holdings in MDU Resources Group by 5.7% in the 2nd quarter. Ffcm LLC now owns 7,360 shares of the utilities provider’s stock valued at $193,000 after buying an additional 396 shares during the period. Sei Investments Co. increased its holdings in MDU Resources Group by 47.4% in the 3rd quarter. Sei Investments Co. now owns 7,509 shares of the utilities provider’s stock valued at $195,000 after buying an additional 2,414 shares during the period. Gs Investments Inc. bought a new position in MDU Resources Group in the 2nd quarter valued at about $200,000. Finally, Eqis Capital Management Inc. bought a new position in MDU Resources Group in the 3rd quarter valued at about $203,000. 63.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MDU Resources Group (NYSE:MDU) opened at $26.21 on Monday. MDU Resources Group has a 12 month low of $25.14 and a 12 month high of $29.74. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The firm has a market cap of $5,160.00, a PE ratio of 21.84, a price-to-earnings-growth ratio of 2.73 and a beta of 0.91.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Thursday, December 14th will be issued a $0.1975 dividend. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.19. This represents a $0.79 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, December 13th. MDU Resources Group’s dividend payout ratio (DPR) is currently 65.83%.

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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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Earnings History and Estimates for MDU Resources Group (NYSE:MDU)

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