Mdu Resources Group (NYSE:MDU) posted its quarterly earnings data on Tuesday. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.03), Briefing.com reports. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1,000.00 million. Mdu Resources Group had a net margin of 5.83% and a return on equity of 10.68%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. Mdu Resources Group updated its FY19 guidance to $1.40-1.55 EPS.
Shares of NYSE MDU traded up $0.48 during midday trading on Thursday, reaching $25.93. 88,787 shares of the company traded hands, compared to its average volume of 920,520. The stock has a market cap of $5.00 billion, a PE ratio of 18.89, a PEG ratio of 2.47 and a beta of 0.67. Mdu Resources Group has a 12 month low of $22.73 and a 12 month high of $29.62. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.20.
A number of research analysts have issued reports on the company. Zacks Investment Research raised Mdu Resources Group from a “sell” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Thursday, January 3rd. Williams Capital reissued a “buy” rating on shares of Mdu Resources Group in a report on Monday, March 18th.
In other Mdu Resources Group news, Director David M. Sparby bought 3,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $25.75 per share, for a total transaction of $77,250.00. Following the completion of the purchase, the director now owns 4,726 shares in the company, valued at approximately $121,694.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.05% of the stock is currently owned by company insiders.
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Mdu Resources Group Company Profile
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.
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