MDU Resources Group (MDU) Expected to Announce Earnings on Thursday

MDU Resources Group (NYSE:MDU) is projected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect MDU Resources Group to post earnings of $0.31 per share and revenue of $789.62 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, November 7th. The utilities provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. MDU Resources Group had a return on equity of 11.24% and a net margin of 8.92%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $969.17 million. During the same period last year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts expect MDU Resources Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

MDU Resources Group Stock Down 1.1 %

NYSE:MDU opened at $17.54 on Thursday. The stock’s fifty day simple moving average is $18.63 and its 200-day simple moving average is $22.97. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $3.58 billion, a P/E ratio of 8.99, a P/E/G ratio of 2.72 and a beta of 0.81. MDU Resources Group has a 12-month low of $14.91 and a 12-month high of $30.52.

MDU Resources Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Thursday, December 12th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.52 annualized dividend and a yield of 2.97%. MDU Resources Group’s dividend payout ratio is presently 26.67%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MDU. Bank of America raised MDU Resources Group from a “neutral” rating to a “buy” rating and dropped their price target for the company from $31.00 to $17.00 in a research note on Tuesday, November 5th. StockNews.com assumed coverage on MDU Resources Group in a research note on Friday, January 3rd. They issued a “hold” rating for the company. Jefferies Financial Group initiated coverage on shares of MDU Resources Group in a report on Wednesday, January 8th. They set a “hold” rating and a $18.00 price target 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 objective for the company in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.00.

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.