MDU Resources Group (NYSE:MDU) Releases Earnings Results

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

MDU Resources Group Stock Down 0.1 %

Shares of MDU traded down $0.02 during trading hours on Friday, reaching $25.06. The stock had a trading volume of 1,226,185 shares, compared to its average volume of 1,032,064. The firm has a 50-day simple moving average of $23.64 and a 200 day simple moving average of $20.87. MDU Resources Group has a 12 month low of $18.04 and a 12 month high of $25.78. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 2.79 and a beta of 0.78.

MDU Resources Group Announces Dividend

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

Analysts Set New Price Targets

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

About MDU Resources Group

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.