Black Hills Corp. (NYSE:BKH) issued an update on its FY13 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.28-2.40 for the period, compared to the Thomson Reuters consensus estimate of $2.35, AnalystRatings.Net reports. Black Hills Corp. also updated its FY14 guidance to $2.50-2.70 EPS.
Black Hills Corp. (NYSE:BKH) opened at 50.27 on Monday. Black Hills Corp. has a 52 week low of $35.31 and a 52 week high of $55.09. The stock has a 50-day moving average of $50.91 and a 200-day moving average of $49.98. The company has a market cap of $2.236 billion and a price-to-earnings ratio of 17.49.
Black Hills Corp. (NYSE:BKH) last released its earnings data on Tuesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. The company had revenue of $259.90 million for the quarter, compared to the consensus estimate of $323.52 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts expect that Black Hills Corp. will post $2.35 EPS for the current fiscal year.
A number of research firms have recently commented on BKH. Analysts at RBC Capital cut their price target on shares of Black Hills Corp. from $56.00 to $53.00 in a research note to investors on Monday, October 7th. They now have a sector perform rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Black Hills Corp. from $56.00 to $52.00 in a research note to investors on Friday, October 4th. They now have a market perform rating on the stock. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $50.04.
Black Hills Corporation is a diversified energy company. The Company operates with two major business groups: Utilities and Non-regulated Energy.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.