Black Hills (BKH) Scheduled to Post Earnings on Wednesday

Black Hills (NYSE:BKH) is scheduled to issue its quarterly 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 announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The business 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 Stock Up 1.3 %

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

Black Hills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Friday, May 17th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.60 annualized dividend and a dividend yield of 4.60%. Black Hills’s dividend payout ratio (DPR) is currently 66.33%.

Analysts Set New Price Targets

BKH has been the topic of a number of analyst reports. Scotiabank cut their price target on Black Hills from $58.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. StockNews.com cut Black Hills from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th. Finally, Royal Bank of Canada dropped their price target on shares of Black Hills from $61.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 9th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus 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.