Brokerages Anticipate MDU Resources Group, Inc. (NYSE:MDU) to Announce $0.17 EPS

Wall Street analysts expect MDU Resources Group, Inc. (NYSE:MDUGet Rating) to post earnings of $0.17 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for MDU Resources Group’s earnings. MDU Resources Group posted earnings per share of $0.26 during the same quarter last year, which indicates a negative year over year growth rate of 34.6%. The firm is scheduled to issue its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that MDU Resources Group will report full-year earnings of $2.04 per share for the current year, with EPS estimates ranging from $2.00 to $2.07. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.23 per share, with EPS estimates ranging from $2.20 to $2.26. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for MDU Resources Group.

MDU Resources Group (NYSE:MDUGet Rating) last issued its earnings results on Wednesday, February 9th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.13). The business had revenue of $1.44 billion during the quarter. MDU Resources Group had a return on equity of 11.61% and a net margin of 6.66%. During the same quarter in the prior year, the company earned $0.56 earnings per share.

A number of equities research analysts have issued reports on MDU shares. StockNews.com initiated coverage on MDU Resources Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of MDU Resources Group from a “buy” rating to a “strong sell” rating and set a $25.00 target price for the company. in a research note on Friday, January 21st.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of MDU Resources Group during the fourth quarter valued at approximately $62,278,000. Millennium Management LLC boosted its stake in MDU Resources Group by 233.4% during the fourth quarter. Millennium Management LLC now owns 1,837,895 shares of the utilities provider’s stock valued at $56,681,000 after buying an additional 1,286,576 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in MDU Resources Group during the fourth quarter worth about $31,362,000. Dimensional Fund Advisors LP raised its position in MDU Resources Group by 22.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,924,004 shares of the utilities provider’s stock worth $116,431,000 after acquiring an additional 720,911 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in MDU Resources Group in the 4th quarter valued at about $21,588,000. Institutional investors and hedge funds own 69.18% of the company’s stock.

NYSE:MDU traded up $0.21 during midday trading on Wednesday, reaching $26.53. 73,277 shares of the company traded hands, compared to its average volume of 1,542,438. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 2.02 and a beta of 0.83. The company has a fifty day moving average price of $26.53 and a 200 day moving average price of $28.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.42 and a quick ratio of 1.11. MDU Resources Group has a twelve month low of $25.18 and a twelve month high of $35.02.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Thursday, March 10th were paid a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Wednesday, March 9th. MDU Resources Group’s payout ratio is currently 46.77%.

About MDU Resources Group (Get Rating)

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines.

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