Mdu Resources Group (NYSE:MDU) Issues FY19 Earnings Guidance

Mdu Resources Group (NYSE:MDU) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.45-1.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.50. Mdu Resources Group also updated its FY 2019 guidance to $1.45-1.60 EPS.

Shares of MDU stock traded up $0.14 during trading hours on Tuesday, hitting $26.17. 699,301 shares of the company were exchanged, compared to its average volume of 1,070,533. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 2.44 and a beta of 0.69. Mdu Resources Group has a fifty-two week low of $22.73 and a fifty-two week high of $29.11. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.87 and a current ratio of 1.16. The company’s 50 day simple moving average is $25.95.

Mdu Resources Group (NYSE:MDU) last announced its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.25 by $0.06. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. Mdu Resources Group had a net margin of 5.83% and a return on equity of 10.58%. The company’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. On average, analysts anticipate that Mdu Resources Group will post 1.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Thursday, June 13th were issued a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Wednesday, June 12th. Mdu Resources Group’s dividend payout ratio is currently 58.70%.

MDU has been the topic of a number of recent research reports. Zacks Investment Research cut GreenTree Hospitality Group from a buy rating to a hold rating in a report on Monday, May 20th. Williams Capital set a $30.00 target price on Mdu Resources Group and gave the stock a buy rating in a report on Thursday, May 2nd.

In other news, CEO David L. Goodin bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average cost of $24.45 per share, for a total transaction of $122,250.00. Following the acquisition, the chief executive officer now directly owns 254,466 shares in the company, valued at $6,221,693.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward A. Ryan bought 3,500 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of $24.81 per share, for a total transaction of $86,835.00. Following the completion of the acquisition, the director now owns 12,190 shares in the company, valued at $302,433.90. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 11,000 shares of company stock worth $272,085. 1.05% of the stock is owned by company insiders.

About Mdu Resources Group

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.

Further Reading: Why do analysts give a neutral rating?

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