MDU Resources Group (NYSE:MDU) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.25-1.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39. MDU Resources Group also updated its FY 2018 guidance to $1.25-1.45 EPS.
Shares of NYSE MDU traded down $0.31 during mid-day trading on Wednesday, hitting $24.96. 2,904,737 shares of the stock were exchanged, compared to its average volume of 796,650. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 2.84 and a beta of 0.58. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.71. MDU Resources Group has a twelve month low of $24.29 and a twelve month high of $29.62.
MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Tuesday, July 31st. The utilities provider reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.06). The firm had revenue of $1.06 billion for the quarter. MDU Resources Group had a return on equity of 10.40% and a net margin of 6.45%. On average, analysts forecast that MDU Resources Group will post 1.38 earnings per share for the current year.
MDU has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of MDU Resources Group from $28.00 to $29.00 and gave the stock a neutral rating in a report on Tuesday, July 31st. KeyCorp raised their price objective on shares of MDU Resources Group from $29.00 to $30.00 and gave the stock a $29.34 rating in a report on Thursday, July 19th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $29.25.
About MDU Resources Group
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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