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

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

MDU Resources Group Price Performance

Shares of MDU traded down $0.02 during mid-day trading on Friday, reaching $25.06. 1,226,185 shares of the stock traded hands, compared to its average volume of 1,032,064. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.77. MDU Resources Group has a 1 year low of $18.04 and a 1 year high of $25.78. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 2.79 and a beta of 0.78. The firm has a fifty day moving average price of $23.64 and a 200 day moving average price of $20.87.

MDU Resources Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, March 14th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.00%. The ex-dividend date was Wednesday, March 13th. MDU Resources Group’s payout ratio is 21.37%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research report 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.