MDU Resources Group (MDU) Releases Earnings Results

MDU Resources Group (NYSE:MDU) posted its earnings results on Wednesday. The utilities provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07, reports. The firm had revenue of $1.17 billion for the quarter. MDU Resources Group had a net margin of 6.33% and a return on equity of 10.59%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS.

Shares of MDU Resources Group (MDU) traded up $0.13 during trading on Thursday, hitting $25.80. 733,176 shares of the company traded hands, compared to its average volume of 914,996. 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 one year low of $24.29 and a one year high of $28.22. The company has a market capitalization of $5,030.00, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.40 and a beta of 0.81.

MDU has been the topic of a number of research reports. Zacks Investment Research cut shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. KeyCorp reissued a “buy” rating and issued a $29.50 price objective on shares of MDU Resources Group in a research note on Friday, December 15th. Finally, Williams Capital reissued a “buy” rating and issued a $28.00 price objective (down previously from $30.00) on shares of MDU Resources Group in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. MDU Resources Group has a consensus rating of “Hold” and an average price target of $29.17.

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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.

Earnings History for MDU Resources Group (NYSE:MDU)

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