MDU Resources Group Inc (MDU) Expected to Announce Earnings of $0.21 Per Share

Wall Street brokerages expect that MDU Resources Group Inc (NYSE:MDU) will report earnings per share (EPS) of $0.21 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for MDU Resources Group’s earnings. MDU Resources Group reported earnings per share of $0.18 during the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The business is expected to issue its next earnings report on Wednesday, May 2nd.

On average, analysts expect that MDU Resources Group will report full-year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.35 to $1.45. For the next year, analysts anticipate that the business will post earnings of $1.50 per share, with EPS estimates ranging from $1.45 to $1.54. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for MDU Resources Group.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.07. MDU Resources Group had a net margin of 6.33% and a return on equity of 10.59%. The business had revenue of $1.17 billion during the quarter. During the same period in the prior year, the company earned $0.33 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday. KeyCorp reissued a “buy” rating and issued a $28.00 target price on shares of MDU Resources Group in a report on Friday, October 20th. Finally, Williams Capital dropped their target price on shares of MDU Resources Group from $30.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. MDU Resources Group currently has a consensus rating of “Buy” and a consensus price target of $29.17.

Several hedge funds have recently bought and sold shares of MDU. FMR LLC lifted its holdings in shares of MDU Resources Group by 57.5% in the second quarter. FMR LLC now owns 329,888 shares of the utilities provider’s stock worth $8,643,000 after acquiring an additional 120,383 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of MDU Resources Group by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 926,888 shares of the utilities provider’s stock valued at $24,286,000 after buying an additional 28,659 shares during the period. HighTower Advisors LLC increased its stake in shares of MDU Resources Group by 7.0% in the second quarter. HighTower Advisors LLC now owns 9,105 shares of the utilities provider’s stock valued at $240,000 after buying an additional 594 shares during the period. Janus Henderson Group PLC increased its stake in shares of MDU Resources Group by 4,741.5% in the second quarter. Janus Henderson Group PLC now owns 475,481 shares of the utilities provider’s stock valued at $12,458,000 after buying an additional 465,660 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of MDU Resources Group in the second quarter valued at approximately $253,000. 62.58% of the stock is owned by hedge funds and other institutional investors.

MDU Resources Group (NYSE:MDU) traded up $0.07 during mid-day trading on Tuesday, hitting $26.88. 393,350 shares of the stock were exchanged, compared to its average volume of 960,339. The company has a market capitalization of $5,199.00, a PE ratio of 18.65, a P/E/G ratio of 2.41 and a beta of 0.81. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 1.01. MDU Resources Group has a 52-week low of $24.29 and a 52-week high of $28.22.

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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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