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

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

MDU Resources Group Stock Performance

NYSE MDU opened at $25.06 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. MDU Resources Group has a twelve month low of $18.04 and a twelve month high of $25.78. The business has a 50-day moving average price of $23.64 and a 200-day moving average price of $20.87. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 2.78 and a beta of 0.78.

MDU Resources Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.00%. MDU Resources Group’s dividend payout ratio is presently 21.37%.

Analyst Upgrades and Downgrades

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