Reasons To Add MDU Resources (MDU) To Your Portfolio Now
Zacks Investment Research | Sep 11, 2019 11:02PM ET
MDU Resources (NYSE:MDU) is poised for growth, courtesy of its two-platform business model, namely regulated energy delivery and construction materials and services operations. Although the company’s operations are exposed to seasonality-related demand risk, this two-platform strategy helps to balance out such fluctuations in demand.
Growth Projections: The Zacks Consensus Estimate for 2019 earnings per share is pegged at $1.51 on $4.84 billion revenues. The bottom and top lines indicate a 9.42% and 6.87% year-over-year increase, respectively.
The consensus mark for 2020 earnings is pegged at $1.62 per share on revenues of $5.03 billion. The bottom line translates to a 6.95% increase and the top line suggests a 3.9% improvement on a year-over-year basis.
Impressive Price Performance: Shares of MDU Resources have gained 9.3% in the past six months versus the industry and S&P 500 Index’s 6.3% and 5.3% growth, respectively.
Price Performance (Six Months)
Zacks Rank and VGM Score: MDU Resources currently sports a Zacks Rank #1 (Strong Buy). You can see Zacks Investment Research
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