Black Hills Corporation (NYSE:BKH) announced its earnings results on Thursday. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.09, Bloomberg Earnings reports. Black Hills Corporation had a net margin of 6.53% and a return on equity of 10.55%. The firm had revenue of $348 million during the quarter, compared to analyst estimates of $356.85 million. During the same period in the prior year, the business posted $0.39 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Black Hills Corporation updated its FY17 guidance to $3.45-3.60 EPS.
Black Hills Corporation (NYSE BKH) traded up 0.17% on Thursday, hitting $69.68. The company’s stock had a trading volume of 210,215 shares. Black Hills Corporation has a 12 month low of $54.76 and a 12 month high of $72.02. The stock has a market cap of $3.73 billion, a PE ratio of 35.02 and a beta of 0.82. The firm has a 50 day moving average of $69.39 and a 200-day moving average of $66.81.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Wednesday, August 16th. Black Hills Corporation’s dividend payout ratio (DPR) is 89.45%.
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Several research analysts have weighed in on the company. BMO Capital Markets boosted their price target on Black Hills Corporation from $67.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. BidaskClub lowered Black Hills Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research lowered Black Hills Corporation from a “hold” rating to a “sell” rating in a research report on Monday, April 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $70.00 price target on shares of Black Hills Corporation in a research report on Monday. Finally, Williams Capital boosted their price target on Black Hills Corporation from $68.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $71.29.
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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