MDU Resources Group (NYSE:MDU) Announces Earnings Results

MDU Resources Group (NYSE:MDU) posted its earnings results on Thursday. The utilities provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.11, Briefing.com reports. MDU Resources Group had a net margin of 10.74% and a return on equity of 11.42%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business posted $0.29 EPS. MDU Resources Group’s revenue was down 4.0% on a year-over-year basis.

MDU Resources Group Trading Down 2.0 %

Shares of MDU Resources Group stock traded down $0.50 on Friday, reaching $24.46. The company had a trading volume of 922,651 shares, compared to its average volume of 1,210,168. The firm’s 50 day moving average price is $25.38 and its two-hundred day moving average price is $23.93. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.37 and a current ratio of 1.43. MDU Resources Group has a 52-week low of $18.04 and a 52-week high of $27.30. The firm has a market cap of $4.99 billion, a PE ratio of 10.45, a PEG ratio of 2.86 and a beta of 0.77.

MDU Resources Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 13th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.04%. The ex-dividend date was Thursday, June 13th. MDU Resources Group’s dividend payout ratio (DPR) is presently 21.37%.

Analyst Ratings Changes

Several analysts have recently commented on MDU shares. Argus raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Monday, May 20th. StockNews.com downgraded MDU Resources Group from a “buy” rating to a “hold” rating in a research report on Friday, July 26th.

MDU Resources Group Company Profile

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.