MDU Resources Group Inc. (NYSE: MDU) has reported earnings for its first fiscal quarter (ending March 31) of $0.50 versus $0.41 for the same period a year ago — an increase of 22%. Relative to the consensus estimate of $0.53, this was a shortfall of $-0.03. For the latest four quarters through March 31, E.P.S. were $2.44 compared to $1.31 a year ago — an increase of 86%.
Recent Price Action
MDU Resources Group Inc. (NYSE: MDU) stock closed at $25.08 on 5/2/24 after a modest gain of 0.9%. This advance was accompanied by normal trading volume. The stock has risen 1.6% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MDU is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
MDU Resources Group has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. MDU Resources Group has a slightly negative Appreciation Score of 33 but a very high Power Rating of 86, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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