Equities research analysts predict that Mdu Resources Group Inc (NYSE:MDU) will post earnings of $0.24 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Mdu Resources Group’s earnings. Mdu Resources Group reported earnings per share of $0.22 in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The business is expected to announce its next earnings results on Wednesday, May 1st.
On average, analysts expect that Mdu Resources Group will report full year earnings of $1.49 per share for the current financial year, with EPS estimates ranging from $1.48 to $1.52. For the next financial year, analysts anticipate that the company will report earnings of $1.60 per share, with EPS estimates ranging from $1.58 to $1.63. Zacks’ EPS calculations are an average based on a survey of analysts that follow Mdu Resources Group.
Mdu Resources Group (NYSE:MDU) last released its quarterly earnings results on Tuesday, February 5th. The utilities provider reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). Mdu Resources Group had a net margin of 6.01% and a return on equity of 10.80%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company earned $0.59 EPS. Mdu Resources Group’s revenue for the quarter was up 3.8% compared to the same quarter last year.
Shares of NYSE MDU traded up $0.25 during midday trading on Friday, hitting $25.83. 837,181 shares of the company’s stock traded hands, compared to its average volume of 1,123,951. The firm has a market capitalization of $5.02 billion, a P/E ratio of 18.72, a PEG ratio of 2.41 and a beta of 0.68. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. Mdu Resources Group has a 1 year low of $22.73 and a 1 year high of $29.62.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Thursday, March 14th will be paid a $0.2025 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.81 annualized dividend and a yield of 3.14%. Mdu Resources Group’s payout ratio is 58.70%.
In other Mdu Resources Group news, Director David M. Sparby purchased 3,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average cost of $25.75 per share, for a total transaction of $77,250.00. Following the purchase, the director now directly owns 4,726 shares of the company’s stock, valued at approximately $121,694.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.98% of the company’s stock.
A number of hedge funds have recently bought and sold shares of MDU. Larson Financial Group LLC purchased a new stake in shares of Mdu Resources Group during the 4th quarter worth approximately $25,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Mdu Resources Group by 21.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,797 shares of the utilities provider’s stock worth $67,000 after acquiring an additional 497 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Mdu Resources Group by 2,284.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,839,065 shares of the utilities provider’s stock worth $77,000 after acquiring an additional 1,761,923 shares in the last quarter. ETF Managers Group LLC raised its holdings in shares of Mdu Resources Group by 15.8% during the 4th quarter. ETF Managers Group LLC now owns 4,629 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 630 shares in the last quarter. Finally, Bremer Trust National Association purchased a new stake in shares of Mdu Resources Group during the 4th quarter worth approximately $149,000. Institutional investors and hedge funds own 67.02% of the company’s stock.
Mdu Resources Group Company Profile
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.
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