Analysts Anticipate Black Hills Co. (NYSE:BKH) to Announce $1.60 Earnings Per Share

Analysts expect Black Hills Co. (NYSE:BKH) to report $1.60 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Black Hills’ earnings. Black Hills posted earnings per share of $1.59 in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.6%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, May 4th.

According to Zacks, analysts expect that Black Hills will report full-year earnings of $3.88 per share for the current fiscal year, with EPS estimates ranging from $3.85 to $3.90. For the next financial year, analysts anticipate that the company will report earnings of $4.07 per share, with EPS estimates ranging from $4.05 to $4.09. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Black Hills.

Black Hills (NYSE:BKH) last posted its earnings results on Monday, February 8th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.08. Black Hills had a net margin of 13.01% and a return on equity of 8.71%. The company had revenue of $486.40 million during the quarter, compared to analysts’ expectations of $593.74 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. Black Hills’s quarterly revenue was up 1.8% compared to the same quarter last year.

A number of analysts recently weighed in on the stock. Mizuho reissued a “neutral” rating and issued a $60.00 price target (down previously from $66.00) on shares of Black Hills in a report on Tuesday, March 9th. Zacks Investment Research raised shares of Black Hills from a “sell” rating to a “hold” rating in a report on Wednesday, April 28th. Credit Suisse Group lifted their target price on shares of Black Hills from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, January 19th. Finally, Wells Fargo & Company lifted their target price on shares of Black Hills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Black Hills has a consensus rating of “Buy” and a consensus target price of $71.25.

A number of institutional investors and hedge funds have recently made changes to their positions in BKH. Canton Hathaway LLC acquired a new position in Black Hills in the 1st quarter valued at about $27,000. Birchcreek Wealth Management LLC acquired a new position in Black Hills in the 4th quarter valued at about $30,000. Gradient Investments LLC acquired a new position in Black Hills in the 1st quarter valued at about $35,000. GPS Wealth Strategies Group LLC acquired a new position in Black Hills in the 1st quarter valued at about $36,000. Finally, First Command Bank acquired a new position in shares of Black Hills during the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 85.45% of the company’s stock.

Shares of Black Hills stock traded down $0.34 during midday trading on Thursday, reaching $68.65. The company had a trading volume of 1,921 shares, compared to its average volume of 363,738. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 2.78 and a beta of 0.28. The stock has a fifty day simple moving average of $67.93 and a 200 day simple moving average of $62.49. Black Hills has a 1-year low of $51.97 and a 1-year high of $71.34.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Tuesday, May 18th will be paid a dividend of $0.565 per share. The ex-dividend date of this dividend is Monday, May 17th. This represents a $2.26 annualized dividend and a dividend yield of 3.29%. Black Hills’s dividend payout ratio is presently 64.02%.

About Black Hills

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through four segments: Electric Utilities, Gas Utilities, Power Generation, and Mining. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 216,000 electric customers in Colorado, South Dakota, and Wyoming, as well as provides electrical system construction services to large industrial customers.

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