Equities analysts predict that MDU Resources (NYSE:MDU) will announce earnings per share (EPS) of $0.21 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for MDU Resources’ earnings. MDU Resources reported earnings per share of $0.18 in the same quarter last year, which would indicate a positive year over year growth rate of 16.7%. The business is expected to report its next earnings report after the market closes on Wednesday, May 2nd.
According to Zacks, analysts expect that MDU Resources will report full-year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.35 to $1.45. For the next fiscal year, analysts anticipate that the company will report earnings of $1.52 per share, with EPS estimates ranging from $1.50 to $1.54. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for MDU Resources.
MDU Resources (NYSE:MDU) last announced its earnings results on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. MDU Resources had a net margin of 6.33% and a return on equity of 10.46%. The firm had revenue of $1.17 billion for the quarter. During the same period in the previous year, the company earned $0.33 earnings per share. MDU Resources’s quarterly revenue was up 14.7% on a year-over-year basis.
MDU traded down $0.18 during trading hours on Thursday, hitting $27.63. 536,621 shares of the company’s stock were exchanged, compared to its average volume of 914,187. MDU Resources has a 12-month low of $24.29 and a 12-month high of $28.54. The company has a market cap of $5,427.51, a P/E ratio of 22.10, a PEG ratio of 2.41 and a beta of 0.69. The company has a quick ratio of 1.04, a current ratio of 1.32 and a debt-to-equity ratio of 0.64.
The firm also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Thursday, March 8th were given a $0.1975 dividend. The ex-dividend date was Wednesday, March 7th. This represents a $0.79 annualized dividend and a yield of 2.86%. MDU Resources’s dividend payout ratio (DPR) is 63.20%.
A number of hedge funds have recently added to or reduced their stakes in MDU. Prudential Financial Inc. raised its position in MDU Resources by 55.0% in the 3rd quarter. Prudential Financial Inc. now owns 2,072,325 shares of the utilities provider’s stock valued at $53,776,000 after purchasing an additional 735,440 shares during the last quarter. Millennium Management LLC raised its position in MDU Resources by 978.7% during the 4th quarter. Millennium Management LLC now owns 667,643 shares of the utilities provider’s stock worth $17,946,000 after buying an additional 605,750 shares during the last quarter. Goldman Sachs Group Inc. raised its position in MDU Resources by 52.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,545,228 shares of the utilities provider’s stock worth $41,536,000 after buying an additional 531,704 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in MDU Resources during the 4th quarter worth $7,646,000. Finally, Citadel Advisors LLC raised its position in MDU Resources by 10.9% during the 4th quarter. Citadel Advisors LLC now owns 1,748,899 shares of the utilities provider’s stock worth $47,010,000 after buying an additional 172,500 shares during the last quarter. Hedge funds and other institutional investors own 64.03% of the company’s stock.
About MDU Resources
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.
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