MDU Resources Group (NYSE:MDU) Announces Quarterly Earnings Results

MDU Resources Group (NYSE:MDU) issued its quarterly earnings data on Thursday. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05, Briefing.com reports. The company had revenue of $1.21 billion during 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 business’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 earnings per share.

MDU Resources Group Stock Performance

Shares of NYSE:MDU traded down $0.02 on Friday, reaching $25.06. 1,226,185 shares of the company’s stock were exchanged, compared to its average volume of 1,032,064. MDU Resources Group has a twelve month low of $18.04 and a twelve month high of $25.78. The company has a fifty day moving average of $23.64 and a 200-day moving average of $20.87. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 2.79 and a beta of 0.78. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.77.

MDU Resources Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, March 14th were paid 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 dividend payout ratio (DPR) is 21.37%.

Wall Street Analyst Weigh In

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