News Spotlight: MDU Resources Group (NYSE:MDU)

MDU Resources Group (NYSE:MDU) changed 2.78% to recent value of $25.47. The stock transacted 1413700 shares during most recent day however it has an average volume of 1.12M shares. It spotted trading -20.95% off 52-week high price. On the other end, the stock has been noted 69.80% away from the low price over the last 52-weeks.

On Dec. 14, 2020, MDU Resources Group (NYSE:MDU) revealed that its earnings per share in 2020 are expected to be higher than the company previously predicted through earnings guidance. Earnings per share for 2020 are now projected in the range of $1.92 to $2.02, an increase from prior guidance of $1.80 to $1.90.

We have been incredibly pleased with our operating results throughout the year as demand remains strong for the essential services that we provide across our businesses. On the strength of our performance through November, along with our estimates for December, we felt it was important to update our investors, said David L. Goodin, president and CEO of MDU Resources. We experienced more favorable construction weather in the fourth quarter than is typical for our northern states, providing our operations with a longer construction season. We also realized stronger operating cost containment at our regulated energy delivery companies. These factors have enhanced our results during the fourth quarter.

MDU has a gross margin of 90.10% and an operating margin of 9.60% while its profit margin remained 6.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained 25.70% for this year while earning per share for the next 5-years is expected to reach at 8.20%.

The company has 200.52M of outstanding shares and 198.65M shares were floated in the market. According to the most recent quarter its current ratio was 1.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.59% from the mean of 20 days, 4.80% from mean of 50 days SMA and performed 11.44% from mean of 200 days price. Company’s performance for the week was 2.25%, 4.30% for month and YTD performance remained -14.27%.

Leave a Reply

Your email address will not be published. Required fields are marked *