Analysts Expect Black Hills Corporation (BKH) to Announce $0.57 EPS

Equities analysts expect Black Hills Corporation (NYSE:BKH) to announce earnings of $0.57 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Black Hills Corporation’s earnings. Black Hills Corporation posted earnings per share of $0.48 during the same quarter last year, which suggests a positive year over year growth rate of 18.8%. The company is expected to issue its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that Black Hills Corporation will report full-year earnings of $3.51 per share for the current financial year, with EPS estimates ranging from $3.45 to $3.57. For the next year, analysts forecast that the business will report earnings of $3.70 per share, with EPS estimates ranging from $3.65 to $3.80. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Black Hills Corporation.

Black Hills Corporation (NYSE:BKH) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.10. The company had revenue of $348 million for the quarter, compared to analyst estimates of $356.85 million. Black Hills Corporation had a net margin of 7.71% and a return on equity of 10.48%. Black Hills Corporation’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 earnings per share.

Several brokerages have issued reports on BKH. Royal Bank Of Canada reissued a “buy” rating and issued a $73.00 price target on shares of Black Hills Corporation in a research note on Wednesday. Williams Capital boosted their price target on Black Hills Corporation from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, June 19th. BMO Capital Markets boosted their price target on Black Hills Corporation from $67.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Singular Research boosted their price target on Black Hills Corporation from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Finally, BidaskClub lowered Black Hills Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $72.50.

Several institutional investors have recently modified their holdings of BKH. Murphy Capital Management Inc. raised its position in shares of Black Hills Corporation by 0.4% in the second quarter. Murphy Capital Management Inc. now owns 5,670 shares of the utilities provider’s stock worth $382,000 after buying an additional 20 shares during the last quarter. Ronna Sue Cohen raised its position in shares of Black Hills Corporation by 0.4% in the second quarter. Ronna Sue Cohen now owns 6,621 shares of the utilities provider’s stock worth $447,000 after buying an additional 24 shares during the last quarter. Flinton Capital Management LLC raised its position in shares of Black Hills Corporation by 2.1% in the first quarter. Flinton Capital Management LLC now owns 1,536 shares of the utilities provider’s stock worth $102,000 after buying an additional 32 shares during the last quarter. Bollard Group LLC raised its position in shares of Black Hills Corporation by 0.6% in the second quarter. Bollard Group LLC now owns 4,960 shares of the utilities provider’s stock worth $335,000 after buying an additional 32 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its position in shares of Black Hills Corporation by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 9,200 shares of the utilities provider’s stock worth $612,000 after buying an additional 41 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.

Black Hills Corporation (BKH) traded down 1.03% during trading on Thursday, reaching $69.52. 274,191 shares of the company traded hands. Black Hills Corporation has a 12 month low of $54.76 and a 12 month high of $72.02. The company has a market cap of $3.72 billion, a PE ratio of 29.21 and a beta of 0.82. The company’s 50-day moving average is $69.16 and its 200 day moving average is $67.18.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Wednesday, August 16th. Black Hills Corporation’s payout ratio is 74.79%.

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Black Hills Corporation Company Profile

Black Hills Corporation is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through segments, including Electric Utilities, Gas Utilities, Power Generation, Mining, Oil and Gas, and Corporate. As of December 31, 2016, the Electric Utilities segment generated, transmitted and distributed electricity to approximately 208,500 customers in South Dakota, Wyoming, Colorado and Montana.

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Earnings History and Estimates for Black Hills Corporation (NYSE:BKH)

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