Zacks: Analysts Expect MDU Resources (MDU) to Announce $0.21 Earnings Per Share

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.



Several equities research analysts recently weighed in on MDU shares. Zacks Investment Research raised shares of MDU Resources from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. KeyCorp restated a “buy” rating and issued a $29.50 target price on shares of MDU Resources in a report on Friday, December 15th. ValuEngine upgraded shares of MDU Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Williams Capital reduced their price target on shares of MDU Resources from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $29.17.

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.

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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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