Black Hills (BKH) Set to Announce Quarterly Earnings on Wednesday

Black Hills (NYSE:BKH) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. Black Hills had a net margin of 12.96% and a return on equity of 8.21%. The company had revenue of $402.60 million for the quarter, compared to the consensus estimate of $498.00 million. During the same quarter in the prior year, the company earned $0.35 EPS. Black Hills’s quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts expect Black Hills to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Black Hills Price Performance

Shares of NYSE:BKH opened at $59.93 on Wednesday. Black Hills has a twelve month low of $47.49 and a twelve month high of $62.20. The company’s 50 day moving average is $60.06 and its 200 day moving average is $57.16. The company has a current ratio of 1.06, a quick ratio of 0.94 and a debt-to-equity ratio of 1.23. The company has a market cap of $4.13 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 4.19 and a beta of 0.69.

Black Hills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Monday, November 18th will be issued a $0.65 dividend. The ex-dividend date is Monday, November 18th. This represents a $2.60 annualized dividend and a yield of 4.34%. Black Hills’s dividend payout ratio (DPR) is presently 64.04%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BKH shares. Wells Fargo & Company increased their price target on shares of Black Hills from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Scotiabank upped their price objective on Black Hills from $54.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $58.00.

Black Hills Company Profile

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.