Brokerages Anticipate MDU Resources Group Inc (MDU) to Announce $0.34 EPS

Equities analysts expect MDU Resources Group Inc (NYSE:MDU) to report $0.34 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for MDU Resources Group’s earnings. MDU Resources Group posted earnings per share of $0.33 during the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The business is expected to announce its next earnings results after the market closes on Tuesday, February 6th.

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 financial year, analysts forecast that the business will post earnings of $1.31 per share, with EPS estimates ranging from $1.28 to $1.35. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover MDU Resources Group.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data 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). MDU Resources Group had a return on equity of 10.20% and a net margin of 5.39%. The firm had revenue of $1.27 billion during the quarter. During the same period last year, the firm posted $0.45 EPS.

Several research analysts have recently issued reports on the company. KeyCorp restated a “buy” rating and issued a $28.00 price objective on shares of MDU Resources Group in a research note on Friday, October 20th. Zacks Investment Research upgraded MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th.

Shares of MDU Resources Group (NYSE:MDU) traded down $0.03 during trading hours on Friday, hitting $26.46. The stock had a trading volume of 572,676 shares, compared to its average volume of 685,313. MDU Resources Group has a 1 year low of $25.14 and a 1 year high of $29.74. The stock has a market capitalization of $5,173.61, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.53 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.28.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Thursday, December 14th were paid a $0.1975 dividend. This represents a $0.79 annualized dividend and a dividend yield of 2.99%. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, December 13th. MDU Resources Group’s dividend payout ratio (DPR) is presently 66.95%.

A number of hedge funds have recently made changes to their positions in MDU. Ameriprise Financial Inc. raised its position in MDU Resources Group by 6.3% during the second quarter. Ameriprise Financial Inc. now owns 584,809 shares of the utilities provider’s stock valued at $15,324,000 after acquiring an additional 34,571 shares in the last quarter. Nationwide Fund Advisors raised its position in MDU Resources Group by 1.6% during the second quarter. Nationwide Fund Advisors now owns 331,222 shares of the utilities provider’s stock valued at $8,678,000 after acquiring an additional 5,142 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in MDU Resources Group by 16.8% during the second quarter. UBS Asset Management Americas Inc. now owns 187,405 shares of the utilities provider’s stock valued at $4,910,000 after acquiring an additional 26,938 shares in the last quarter. Menta Capital LLC purchased a new position in MDU Resources Group during the second quarter valued at approximately $691,000. Finally, GSA Capital Partners LLP purchased a new position in MDU Resources Group during the second quarter valued at approximately $1,150,000. Institutional investors own 63.59% of the company’s stock.

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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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