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

MDU Resources Group, Inc. (NYSE:MDU) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $1.10-1.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.22.

A number of equities research analysts recently issued reports on MDU shares. KeyCorp restated a buy rating and issued a $28.00 target price on shares of MDU Resources Group in a report on Friday, October 20th. Zacks Investment Research upgraded shares of MDU Resources Group from a hold rating to a buy rating and set a $30.00 target price for the company in a report on Wednesday, October 11th. Finally, BidaskClub downgraded shares of MDU Resources Group from a hold rating to a sell rating in a report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $30.75.

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

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

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MDU Resources Group Company Profile

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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