MDU Resources Group (MDU) Scheduled to Post Quarterly Earnings on Wednesday

MDU Resources Group (NYSE:MDUGet Rating) is scheduled to release its earnings data before the market opens on Wednesday, May 4th. Analysts expect MDU Resources Group to post earnings of $0.17 per share for the quarter. MDU Resources Group has set its FY 2022 guidance at $2.000-$2.150 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

MDU Resources Group (NYSE:MDUGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The utilities provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.13). The company had revenue of $1.44 billion during the quarter. MDU Resources Group had a net margin of 6.66% and a return on equity of 11.61%. During the same period in the previous year, the company earned $0.56 earnings per share. On average, analysts expect MDU Resources Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE MDU opened at $26.32 on Wednesday. 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 fifty-two week low of $25.18 and a fifty-two week high of $35.02. The stock has a market capitalization of $5.35 billion, a PE ratio of 14.15, a P/E/G ratio of 2.02 and a beta of 0.83. The business has a fifty day moving average price of $26.53 and a two-hundred day moving average price of $28.46.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Thursday, March 10th were issued a dividend of $0.2175 per share. The ex-dividend date was Wednesday, March 9th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 3.31%. MDU Resources Group’s dividend payout ratio (DPR) is currently 46.77%.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in MDU Resources Group by 3.8% during the 4th quarter. BlackRock Inc. now owns 18,020,281 shares of the utilities provider’s stock worth $555,745,000 after acquiring an additional 664,258 shares during the last quarter. Vident Investment Advisory LLC grew its position in shares of MDU Resources Group by 4.1% in the 4th quarter. Vident Investment Advisory LLC now owns 68,902 shares of the utilities provider’s stock valued at $2,125,000 after buying an additional 2,693 shares during the last quarter. Comerica Bank grew its position in shares of MDU Resources Group by 3.5% in the 4th quarter. Comerica Bank now owns 101,452 shares of the utilities provider’s stock valued at $2,944,000 after buying an additional 3,442 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of MDU Resources Group by 4.9% in the 4th quarter. NewEdge Advisors LLC now owns 59,106 shares of the utilities provider’s stock valued at $1,823,000 after buying an additional 2,738 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of MDU Resources Group by 10.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,042,534 shares of the utilities provider’s stock valued at $32,152,000 after buying an additional 95,834 shares during the last quarter. Institutional investors and hedge funds own 69.18% of the company’s stock.

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

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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Earnings History for MDU Resources Group (NYSE:MDU)

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