MDU Resources Group (MDU) Updates FY18 Earnings Guidance

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.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Thursday, September 13th were issued a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Wednesday, September 12th. MDU Resources Group’s payout ratio is 63.20%.

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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