Published on 5 Mar 2024 on Zacks via Yahoo Finance
Reasons to Add MDU Resources (MDU) to Your Portfolio Now
MDU Resources Group Inc.’s MDU investment plans will improve the reliability of its services. Post the spinoff of Knife River, MDU now primarily focuses on regulated energy delivery. Given its growth opportunities, the company makes for a solid investment option in the utility sector.Let’s focus on the factors that make this currently Zacks Rank #2 (Buy) company a strong investment pick at the moment.
Growth Projections
The Zacks Consensus Estimate for 2024 earnings per share (EPS) has increased 1.4% to $1.49 in the past 60 days.The Zacks Consensus Estimate for 2025 EPS is pinned at $1.55 per share, indicating a year-over-year increase of 4.4%.The company’s long-term (three to five-year) earnings growth rate is 6%.