Black Hills (BKH) to Release Quarterly Earnings on Wednesday

Black Hills (NYSE:BKH) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

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

Black Hills Trading Down 0.4 %

Shares of Black Hills stock opened at $55.77 on Monday. The firm has a 50-day simple moving average of $53.24 and a two-hundred day simple moving average of $52.42. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.56 and a current ratio of 0.70. Black Hills has a fifty-two week low of $46.43 and a fifty-two week high of $66.85. The company has a market cap of $3.81 billion, a P/E ratio of 14.23 and a beta of 0.64.

Black Hills Announces Dividend

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 $0.65 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.60 dividend on an annualized basis and a yield of 4.66%. Black Hills’s payout ratio is 66.33%.

Analysts Set New Price Targets

Several research firms have recently weighed in on BKH. StockNews.com downgraded Black Hills from a “hold” rating to a “sell” rating in a research report on Thursday, March 28th. Scotiabank cut their price objective on Black Hills from $58.00 to $54.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, Royal Bank of Canada decreased their price target on shares of Black Hills from $61.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.00.

About Black Hills

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.