Black Hills Corp. (BKH) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Black Hills Corp. (NYSE:BKH) released its earnings data on Tuesday. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.03, AnalystRatingsNetwork reports. The company had revenue of $259.90 million for the quarter, compared to the consensus estimate of $323.52 million. During the same quarter last year, the company posted $0.37 earnings per share. Black Hills Corp.’s revenue was up 5.3% compared to the same quarter last year.
Black Hills Corp. (NYSE:BKH) opened at 51.31 on Tuesday. Black Hills Corp. has a 52-week low of $33.51 and a 52-week high of $55.09. The stock’s 50-day moving average is $49. and its 200-day moving average is $49.48. The company has a market cap of $2.284 billion and a P/E ratio of 16.14.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, December 1st. Stockholders of record on Friday, November 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Wednesday, November 13th.
BKH has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has an average 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.
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