MDU Resources Group (NYSE:MDU) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

MDU Resources Group (NYSE:MDU) issued its quarterly earnings data on Thursday. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05, Briefing.com reports. MDU Resources Group had a return on equity of 11.61% and a net margin of 10.74%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the firm posted $0.23 EPS. The company’s revenue for the quarter was down 15.1% on a year-over-year basis.

MDU Resources Group Price Performance

Shares of NYSE:MDU traded down $0.02 during trading on Friday, reaching $25.06. 1,226,185 shares of the company traded hands, compared to its average volume of 1,032,064. The firm has a market capitalization of $5.11 billion, a PE ratio of 10.71, a PEG ratio of 2.79 and a beta of 0.78. MDU Resources Group has a 52 week low of $18.04 and a 52 week high of $25.78. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average is $23.64 and its two-hundred day moving average is $20.87.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, March 14th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.00%. MDU Resources Group’s dividend payout ratio (DPR) is presently 21.37%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.

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.