MDU Resources Gr Q1 2024 Adj EPS $0.52 Beats $0.47 Estimate, Sales $1.213B Miss $1.326B Estimate

5/2/24 8:33:09 AM ET

Mining & Quarrying of Nonmetallic Minerals (No Fuels)

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MDU Resources Gr (NYSE:MDU) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.47 by 10.64 percent. The company reported quarterly sales of $1.213 billion which missed the analyst consensus estimate of $1.326 billion by 8.50 percent. This is a 30.18 percent decrease over sales of $1.737 billion the same period last year.

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Recent Analyst Ratings for
$MDU

Date	Price Target	Rating	Analyst
11/5/2024	$17.00	Neutral → Buy	BofA Securities
11/4/2024	$19.00	Hold → Buy	Siebert Williams Shank
10/21/2024	$30.00 → $31.00	Buy → Neutral	BofA Securities
5/20/2024	$30.00	Hold → Buy	Argus
6/1/2023	$22.00	Underperform → Buy	BofA Securities
10/24/2022	$30.00 → $26.00	Neutral → Underperform	BofA Securities
8/5/2022	$29.00 → $30.00	Buy → Neutral	BofA Securities

More analyst ratings

NorthWestern Energy Welcomes New Board Member
NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy (NASDAQ:NWE) today announced that its board of directors recently elected David L. Goodin as a director to a term commencing Dec. 1, 2024. Goodin brings extensive utility operations and executive experience to the independent board. Goodin has over 40 years of experience in the utility industry with MDU Resources Group, Inc. (NYSE:MDU). On Jan. 5, 2024, he retired as MDU's president and chief executive officer, and on May 14, 2024, he retired from MDU's board of directors. Before becoming CEO in 2013 and over the course of his career with MDU, he served in various leadership roles in the organization, including president and chief
11/21/24 4:41:00 PM ET
$MDU
$NWE
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
Power Generation
Utilities
MDU Resources Welcomes Vernon Dosch to Board of Directors
BISMARCK, N.D., Nov. 14, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced that its board of directors has elected Vernon A. Dosch as a director, effective Nov. 15, 2024. Dosch, a respected leader with more than 45 years of expertise in the electric utility and broadband industries, brings a deep commitment to community and industry advancement. "We are excited to welcome Vern to our board," said Dennis W. Johnson, chair of the board. "His dedication to industry innovation, community service, and proven ability to lead transformation initiatives in the
11/14/24 4:30:00 PM ET
$MDU
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
MDU Resources Announces Quarterly Dividend on Common Stock
BISMARCK, N.D., Nov. 14, 2024 /PRNewswire/ -- The board of directors of MDU Resources Group, Inc. (NYSE:MDU) today declared a quarterly dividend on the company's common stock of 13 cents per share, unchanged from the previous quarter. The board continues to target a long-term dividend payout ratio of 60% to 70% of regulated energy delivery earnings. The dividend is payable on Jan. 1, 2025 to stockholders of record as of Dec.12, 2024. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P SmallCap 600 index, provides essential products and services through its regula
11/14/24 2:46:00 PM ET
$MDU
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials

MDU Resources Announces Quarterly Dividend on Common Stock
BISMARCK, N.D., Nov. 14, 2024 /PRNewswire/ -- The board of directors of MDU Resources Group, Inc. (NYSE:MDU) today declared a quarterly dividend on the company's common stock of 13 cents per share, unchanged from the previous quarter. The board continues to target a long-term dividend payout ratio of 60% to 70% of regulated energy delivery earnings. The dividend is payable on Jan. 1, 2025 to stockholders of record as of Dec.12, 2024. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P SmallCap 600 index, provides essential products and services through its regula
11/14/24 2:46:00 PM ET
$MDU
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
MDU Resources Reports Strong Q3 Earnings, Increases 2024 Guidance
Key Financial Highlights for Third Quarter 2024: Electric earnings of $24.3 million, an increase of 16.3% over third quarter 2023.Pipeline record third quarter earnings of $15.1 million, up 27.0% from the same quarter last year.Construction services earnings of $41.8 million, a 16.1% increase from third quarter 2023.Increasing regulated energy delivery earnings guidance range to $180 million to $185 million.BISMARCK, N.D., Nov. 7, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today reported strong third quarter earnings, reflecting growth across the utility, pipeline and construction services businesses.
11/7/24 8:30:00 AM ET
$MDU
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
Everus Construction Group Holding Investor and Analyst Information Event Today at NYSE
BISMARCK, N.D., Oct. 17, 2024 /PRNewswire/ -- Everus Construction Group, an industry-leading construction services provider, will hold an analyst and investor day at 10 a.m. EDT today at the New York Stock Exchange. At the event, management will provide an overview of the company's 4EVER strategic framework, investment highlights, operations, financial performance and anticipated growth prospects. The presentation will be followed by a question-and-answer session. Everus also is reiterating its 2024 guidance: Revenue is expected to be in the range of $2.65 billion to $2.85 bil
10/17/24 8:30:00 AM ET
$MDU
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials

MDU Resources Welcomes Vernon Dosch to Board of Directors
BISMARCK, N.D., Nov. 14, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced that its board of directors has elected Vernon A. Dosch as a director, effective Nov. 15, 2024. Dosch, a respected leader with more than 45 years of expertise in the electric utility and broadband industries, brings a deep commitment to community and industry advancement. "We are excited to welcome Vern to our board," said Dennis W. Johnson, chair of the board. "His dedication to industry innovation, community service, and proven ability to lead transformation initiatives in the
11/14/24 4:30:00 PM ET
$MDU
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
Everus Construction Group Set to Join S&P SmallCap 600
NEW YORK, Oct. 29, 2024 /PRNewswire/ -- Everus Construction Group Inc. (NYSE:ECG) will be added to the S&P SmallCap 600 effective prior to the opening of trading on Friday, November 1, replacing Clearwater Paper Corp. (NYSE:CLW), which will be removed from the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 4. S&P SmallCap 600 constituent MDU Resources Group Inc. (NYSE:MDU) is spinning off Everus Construction Group in a transaction expected to be completed on November 1. Following the spin-off, the parent company MDU Resources Group will remain in the S&P SmallCap 600 but will change its Global Industry Classification Standard (GICS) sector from Industrials to
10/29/24 5:57:00 PM ET
$CLW
$MDU
$SPGI
Paper
Basic Materials
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
DocuSign Set to Join S&P MidCap 400 and MDU Resources Group to Join S&P SmallCap 600
NEW YORK, Oct. 7, 2024 /PRNewswire/ -- DocuSign Inc. (NASD:DOCU) will replace MDU Resources Group Inc. (NYSE:MDU) in the S&P MidCap 400, and MDU Resources Group will replace Chuy's Holdings Inc. (NASD:CHUY) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 11. S&P 500 constituent Darden Restaurants Inc. (NYSE:DRI) is acquiring Chuy's Holdings in a deal expected to be completed soon, pending final closing conditions. MDU Resources announced its intention to spin-off a company later this month. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ti
10/7/24 6:06:00 PM ET
$CHUY
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Restaurants
Consumer Discretionary
Computer Software: Prepackaged Software
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MDU Resources Names Leadership For Everus Construction Group, Effective On Spinoff; Jeffrey Thiede To Remain President And CEO; Thomas D. Nosbusch As COO; Maximillian J. Marcy As CFO; Expects The Spinoff To Be Complete In Late 2024v
MDU Resources Group, Inc.'s (NYSE:MDU) board of directors has selected the management team to lead Everus Construction Group, the company's construction services subsidiary, effective when the anticipated spinoff of Everus into an independent, publicly traded company is complete. MDU Resources expects the spinoff to be complete in late 2024.The executive management positions at Everus, effective when the spinoff is complete, include:Jeffrey S. Thiede, who will remain president and CEO, a position he has held since 2013. Thiede has been with the company for 20 years.Thomas D. Nosbusch, who will become chief operating officer. Nosbusch currently is executive vice president of Everus and has be
7/18/24 4:27:53 PM ET
$MDU
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
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Argus Research Upgrades MDU Resources Gr to Buy, Announces $30 Price Target
Argus Research analyst David Coleman upgrades MDU Resources Gr (NYSE:MDU) from Hold to Buy and announces $30 price target.
5/20/24 8:54:55 AM ET
$MDU
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials

MDU Resources Gr Q1 2024 Adj EPS $0.52 Beats $0.47 Estimate, Sales $1.213B Miss $1.326B Estimate

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Recent Analyst Ratings for $MDU

$MDU Insider Purchases

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Johnson Rob L. bought $923,970 worth of Common Stock - 401 (36,291 units at $25.46) (SEC Form 4)

Rosenthal Dale bought $8,456 worth of shares (375 units at $22.55), increasing direct ownership by 2% to 16,499 units (SEC Form 4)

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MDU Resources upgraded by BofA Securities with a new price target

MDU Resources upgraded by Siebert Williams Shank with a new price target

MDU Resources downgraded by BofA Securities with a new price target

NorthWestern Energy Welcomes New Board Member

MDU Resources Welcomes Vernon Dosch to Board of Directors

MDU Resources Announces Quarterly Dividend on Common Stock

Director Wang Chenxi was granted 8,178 shares, increasing direct ownership by 32% to 33,691 units (SEC Form 4)

Director Johnson Dennis W was granted 9,541 shares, increasing direct ownership by 7% to 150,166 units (SEC Form 4)

Director Jaeger Douglas W. was granted 5,452 shares (SEC Form 4)

MDU Resources Announces Quarterly Dividend on Common Stock

MDU Resources Reports Strong Q3 Earnings, Increases 2024 Guidance

Everus Construction Group Holding Investor and Analyst Information Event Today at NYSE

MDU Resources Group Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

MDU Resources Group Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

SEC Form 10-Q filed by MDU Resources Group Inc.

MDU Resources Welcomes Vernon Dosch to Board of Directors

Everus Construction Group Set to Join S&P SmallCap 600

DocuSign Set to Join S&P MidCap 400 and MDU Resources Group to Join S&P SmallCap 600

Amendment: SEC Form SC 13D/A filed by MDU Resources Group Inc.

SEC Form SC 13D/A filed by MDU Resources Group Inc. (Amendment)

SEC Form SC 13G/A filed by MDU Resources Group Inc. (Amendment)

$MDU Market Insights

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MDU Resources Names Leadership For Everus Construction Group, Effective On Spinoff; Jeffrey Thiede To Remain President And CEO; Thomas D. Nosbusch As COO; Maximillian J. Marcy As CFO; Expects The Spinoff To Be Complete In Late 2024v

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Argus Research Upgrades MDU Resources Gr to Buy, Announces $30 Price Target

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