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

Black Hills (NYSE:BKH) will be releasing its earnings data after the market closes on Wednesday, May 8th. Parties that wish to register for the company’s conference call can do so using this link.

Black Hills (NYSE:BKH) last released its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The firm had revenue of $591.70 million for the quarter, compared to analyst estimates of $863.67 million. Black Hills had a net margin of 11.25% and a return on equity of 8.09%. During the same period in the previous year, the business earned $1.11 earnings per share.

Black Hills Stock Performance

NYSE BKH opened at $56.48 on Tuesday. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 14.41 and a beta of 0.64. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.15. Black Hills has a 1-year low of $46.43 and a 1-year high of $66.54. The company has a 50 day moving average of $53.24 and a 200-day moving average of $52.44.

Black Hills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Friday, May 17th will be issued a dividend of $0.65 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.60 dividend on an annualized basis and a yield of 4.60%. Black Hills’s dividend payout ratio is 66.33%.

Analyst Ratings Changes

Several analysts have recently commented on BKH shares. Royal Bank of Canada decreased their target price on Black Hills from $61.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 9th. StockNews.com lowered shares of Black Hills from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. Finally, Scotiabank dropped their target price on shares of Black Hills from $58.00 to $54.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, Black Hills has an average rating of “Hold” and a consensus target price of $55.00.

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.