LONDON, March 3, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free post-earnings review on MDU Resources Group Inc. (NYSE: MDU). On February 02, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=MDU%20Resources&d=03-Mar-2015&s=MDU to read our free earnings review on MDU Resources Group Inc. (MDU). The company's GAAP earnings on common stock was $84.1 million, or $0.43 per diluted share, for Q4 FY14 and $297.5 million, or $1.55 per diluted share, for full year FY14. President and CEO of MDU, David L. Goodin, stated that the company had solid performance from its business units in 2014, which is a testament to MDU's management team and employees' ability to execute even in light of challenges presented by lower commodity prices and unfavorable weather impacts. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=MDU%20Resources&d=03-Mar-2015&s=MDU
Earnings Overview
During Q4 FY14, MDU's operating revenues came in at $1.16 billion compared to $1.18 billion in Q4 FY13. Analyst from Bloomberg had estimated operating revenues of $1.21 billion in Q4 FY14. The company's GAAP earnings on common stock fell by $7.2 million, or $0.05 per diluted share, in Q4 FY14 from $91.3 million, or $0.48 per diluted share, in Q4 FY13. Bloomberg analysts' had expected GAAP earnings on common stock of $79.5 million, or $0.38 per diluted share, on operating revenues of $1.21 billion for Q4 FY14. Moreover, the company's non-GAAP earnings on common stock came in at $67.9 million, or $0.35 per share, in Q4 FY14, compared to $66.1 million, or $0.35 per share, in Q4 FY13. Free research on MDU can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=MDU%20Resources&d=03-Mar-2015&s=MDU
In FY14, MDU's operating revenues came in higher at $4.67 billion compared to $4.46 billion in FY13. Bloomberg analysts had estimated operating revenues of $4.71 billion in FY14. The company's GAAP earnings on common stock improved by $19.3 million, or $0.08 per diluted share, during the quarter, from $278.2 million, or $1.47 per diluted share, in FY13. Analysts at Bloomberg had expected GAAP earnings on common stock of $293.0 million, or $1.49 per diluted share, on operating revenues of $4.71 billion in FY14.
MDU's construction services business reported GAAP earnings of $54.5 million in FY14, a second consecutive year of record earnings, compared to $52.2 million in FY13. Moreover, construction materials and contracting business and utility business reported earnings of $51.5 million and $67.2 million, respectively, in FY14 compared to $50.9 million and $72.5 million, respectively in FY13. Sign up and read the free analyst's notes on MDU at:
http://get.Investor-Edge.com/pdf/?c=MDU%20Resources&d=03-Mar-2015&s=MDU
In its guidance for FY15, MDU expects adjusted earnings per share to be in the range of $1.05 to $1.20. Adjusted earnings per share guidance include results from its utility, pipeline and energy services and construction businesses and exclude results for its exploration and production business. Further, the company anticipates GAAP earnings per share to be in the range of $0.80 to $0.95 for full-year FY15, excluding any potential ceiling test impairments.
Stock Performance
On the day following the earnings release, February 03, 2015, MDU's stock gained 2.50% finishing the session at $23.37. Since then, the stock has moved both ways with loses outperforming gains. On the last close, Monday, March 02, 2015, the company's shares ended 2.38% lower at $21.77. MDU's shares vacillated between $21.70 and $22.42 during the session. A total of 1.01 million shares were traded which was below its three months average volume of 1.40 million shares. Over the previous three trading sessions and last one month, MDU's shares have fallen by 5.76% and 4.52%, respectively. Further, the stock has lost 9.29% over the past three months. Shares in the company closed below their 50-day and 200-day moving averages of $22.95 and $28.16, respectively. Furthermore, the stock traded at a PE ratio of 15.01. Visit Investor-Edge and access the latest research on MDU at:
http://get.Investor-Edge.com/pdf/?c=MDU%20Resources&d=03-Mar-2015&s=MDU
Sneak Peek to Corporate Insider Trading
In the last one month, there were five corporate insider transactions done by four individuals. Between February 17, 2015 and February 26, 2015, a total of 8,839 shares have been purchased at an average price of $21.91 per share and for a total value of $193,676. The following are a few of the abovementioned transactions: Doran N. Schwartz, Vice President and Chief Financial Officer at MDU, bought 2,500 shares at an average price of $22.38 per share. On February 17, 2015, David L. Goodin, purchased 5,000 shares at an average price of $21.62 per share. On the same day, Jason L. Vollmer, Treasurer and Director of Cash and Risk Management at MDU, bought 909 shares at an average price of $21.67 per share. Complimentary in-depth research on MDU is available at:
http://get.Investor-Edge.com/pdf/?c=MDU%20Resources&d=03-Mar-2015&s=MDU
About Investor-Edge.com
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Investor-Edge
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article