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

MDU Resources Group (NYSE:MDU - Get Free Report) issued its quarterly earnings data on Thursday. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.05, Briefing.com reports. MDU Resources Group had a net margin of 10.74% and a return on equity of 11.61%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned $0.23 EPS. The firm's quarterly revenue was down 15.1% on a year-over-year basis.

MDU Resources Group Trading Down 0.1 %

Shares of NYSE MDU traded down $0.02 during midday trading on Friday, reaching $25.06. The stock had a trading volume of 1,226,185 shares, compared to its average volume of 1,032,064. 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 2.79 and a beta of 0.78. MDU Resources Group has a twelve month low of $18.04 and a twelve month high of $25.78. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.19 and a current ratio of 1.27. The company's 50 day moving average price is $23.64 and its 200 day moving average price is $20.87.

MDU Resources Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 14th were given a $0.125 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.00%. MDU Resources Group's dividend payout ratio (DPR) is currently 21.37%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut MDU Resources Group from a "buy" rating to a "hold" rating in a research note on Wednesday, April 3rd.

About MDU Resources Group

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.