MDU Resources Group (MDU) Set to Announce Quarterly Earnings on Thursday

MDU Resources Group (NYSE:MDU) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.11. MDU Resources Group had a return on equity of 11.29% and a net margin of 9.25%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company posted $0.29 EPS. MDU Resources Group’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts expect MDU Resources Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MDU Resources Group Trading Up 6.7 %

Shares of NYSE MDU opened at $16.46 on Wednesday. MDU Resources Group has a one year low of $14.91 and a one year high of $30.52. The firm has a market capitalization of $3.36 billion, a PE ratio of 8.23, a PEG ratio of 1.42 and a beta of 0.76. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $26.64 and a two-hundred day moving average price of $25.71.

MDU Resources Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 21st were given a dividend of $12.875 per share. The ex-dividend date was Friday, November 1st. MDU Resources Group’s payout ratio is presently 26.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MDU shares. Bank of America upgraded MDU Resources Group from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $31.00 to $17.00 in a research report on Tuesday. StockNews.com assumed coverage on MDU Resources Group in a report on Tuesday. They set a “hold” rating for the company. Finally, Siebert Williams Shank upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Monday.

About MDU Resources Group

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.