MDU Resources Group Inc (MDU) Expected to Earn FY2017 Earnings of $1.20 Per Share
MDU Resources Group Inc (NYSE:MDU) – Research analysts at KeyCorp lowered their FY2017 earnings per share estimates for shares of MDU Resources Group in a research report issued to clients and investors on Thursday. KeyCorp analyst P. Ridzon now expects that the utilities provider will post earnings per share of $1.20 for the year, down from their prior estimate of $1.25. KeyCorp has a “Buy” rating and a $28.00 price objective on the stock. KeyCorp also issued estimates for MDU Resources Group’s Q4 2017 earnings at $0.34 EPS and FY2018 earnings at $1.30 EPS.
Several other analysts also recently issued reports on MDU. Zacks Investment Research raised shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub downgraded shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $30.75.
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Shares of MDU Resources Group (NYSE MDU) opened at $27.15 on Monday. The firm has a market capitalization of $5,109.16, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.72 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.46 and a quick ratio of 1.10. MDU Resources Group has a 52-week low of $25.14 and a 52-week high of $29.92.
MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). The business had revenue of $1.27 billion for the quarter. MDU Resources Group had a return on equity of 15.43% and a net margin of 7.04%. During the same period in the previous year, the company posted $0.45 EPS.
In other MDU Resources Group news, CEO David L. Goodin acquired 5,000 shares of MDU Resources Group stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $25.57 per share, with a total value of $127,850.00. Following the completion of the purchase, the chief executive officer now owns 95,210 shares in the company, valued at $2,434,519.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.95% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of MDU. FMR LLC increased its stake in MDU Resources Group by 7.1% in the 1st quarter. FMR LLC now owns 209,505 shares of the utilities provider’s stock valued at $5,734,000 after buying an additional 13,800 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of MDU Resources Group by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 898,229 shares of the utilities provider’s stock worth $24,583,000 after purchasing an additional 95,910 shares during the last quarter. Morgan Stanley boosted its holdings in shares of MDU Resources Group by 6.3% during the 1st quarter. Morgan Stanley now owns 592,793 shares of the utilities provider’s stock worth $16,225,000 after buying an additional 34,900 shares during the period. Gotham Asset Management LLC boosted its holdings in shares of MDU Resources Group by 42.8% during the 1st quarter. Gotham Asset Management LLC now owns 14,144 shares of the utilities provider’s stock worth $387,000 after buying an additional 4,240 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of MDU Resources Group by 38.1% during the 1st quarter. AQR Capital Management LLC now owns 60,864 shares of the utilities provider’s stock worth $1,666,000 after buying an additional 16,786 shares during the period. Hedge funds and other institutional investors own 63.32% of the company’s stock.
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.
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