MDU Resources Group, Inc. (MDU) Updates FY17 Earnings Guidance

MDU Resources Group, Inc. (NYSE:MDU) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.10-1.25 for the period, compared to the Thomson Reuters consensus estimate of $1.22.

Shares of MDU Resources Group, Inc. (MDU) traded up 0.15% during mid-day trading on Friday, reaching $25.85. 510,754 shares of the company’s stock were exchanged. MDU Resources Group, Inc. has a 52 week low of $23.06 and a 52 week high of $29.92. The stock has a 50 day moving average price of $25.90 and a 200 day moving average price of $26.64. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 22.48 and a beta of 0.91.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.03. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. MDU Resources Group had a net margin of 5.37% and a return on equity of 10.24%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. Equities research analysts predict that MDU Resources Group, Inc. will post $1.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Thursday, September 14th will be issued a dividend of $0.1925 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.77 annualized dividend and a dividend yield of 2.98%. MDU Resources Group’s payout ratio is currently 66.96%.

Several brokerages recently commented on MDU. Zacks Investment Research downgraded MDU Resources Group from a hold rating to a strong sell rating in a report on Friday, July 28th. BidaskClub downgraded MDU Resources Group from a hold rating to a sell rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. MDU Resources Group presently has an average rating of Hold and a consensus price target of $32.33.

In related news, CEO David L. Goodin bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $25.57 per share, for a total transaction of $127,850.00. Following the acquisition, the chief executive officer now owns 95,210 shares in the company, valued at approximately $2,434,519.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.95% of the company’s stock.

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About MDU Resources Group

MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.

Earnings History and Estimates for MDU Resources Group (NYSE:MDU)

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