MDU Resources Group (NYSE:MDU) Announces Earnings Results

MDU Resources Group (NYSE:MDU) issued its quarterly earnings data on Thursday. The utilities provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01, Briefing.com reports. MDU Resources Group had a net margin of 9.25% and a return on equity of 11.29%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $969.17 million. During the same quarter last year, the company earned $0.29 EPS. The business’s revenue was up 5.0% on a year-over-year basis.

MDU Resources Group Stock Up 2.4 %

Shares of NYSE:MDU traded up $0.42 on Friday, hitting $17.93. 2,767,928 shares of the company’s stock were exchanged, compared to its average volume of 1,585,008. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.22. MDU Resources Group has a 1-year low of $14.91 and a 1-year high of $30.52. The company has a market capitalization of $3.66 billion, a PE ratio of 9.07, a P/E/G ratio of 1.45 and a beta of 0.76. The firm’s 50-day moving average is $26.32 and its 200 day moving average is $25.59.

MDU Resources Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 21st were issued a $12.875 dividend. The ex-dividend date of this dividend was Friday, November 1st. MDU Resources Group’s payout ratio is 26.00%.

Wall Street Analyst Weigh In

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