MDU Resources Group (MDU) Projected to Post Earnings on Thursday

MDU Resources Group (NYSE:MDU) is expected to be announcing its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $789.62 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $969.17 million. MDU Resources Group had a net margin of 8.92% and a return on equity of 11.24%. MDU Resources Group’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. On average, analysts expect MDU Resources Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

MDU Resources Group Stock Performance

NYSE MDU opened at $17.54 on Thursday. MDU Resources Group has a 1-year low of $14.91 and a 1-year high of $30.52. The company has a market cap of $3.58 billion, a P/E ratio of 8.99, a P/E/G ratio of 2.72 and a beta of 0.81. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07. The stock has a 50-day moving average of $18.63 and a two-hundred day moving average of $22.97.

MDU Resources Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Thursday, December 12th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Thursday, December 12th. MDU Resources Group’s dividend payout ratio (DPR) is 26.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MDU shares. Siebert Williams Shank upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, November 4th. Jefferies Financial Group began coverage on MDU Resources Group in a research report on Wednesday, January 8th. They set a “hold” rating and a $18.00 target price on the stock. StockNews.com assumed coverage on MDU Resources Group in a research report on Friday, January 3rd. They set a “hold” rating on the stock. Finally, Bank of America upgraded MDU Resources Group from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $31.00 to $17.00 in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.00.

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.