Black Hills Corp. (BKH) Scheduled to Post Earnings on Friday
Black Hills Corp. (NYSE:BKH) is set to release its Q1 earnings data on Friday, May 2nd. Parties interested in registering for the company’s conference call can do so using this link.
Black Hills Corp. (NYSE:BKH) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. The company had revenue of $355.40 million for the quarter, compared to the consensus estimate of $359.70 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts expect Black Hills Corp. to post $2.62 EPS for the current fiscal year and $2.79 EPS for the next fiscal year.
Black Hills Corp. (NYSE:BKH) opened at 57.75 on Thursday. Black Hills Corp. has a one year low of $45.07 and a one year high of $59.08. The stock’s 50-day moving average is $57.54 and its 200-day moving average is $53.94. The company has a market cap of $2.570 billion and a P/E ratio of 22.24.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, June 1st. Stockholders of record on Friday, May 16th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Wednesday, May 14th.
BKH has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Black Hills Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $61.50 price target on the stock. On the ratings front, analysts at Credit Suisse initiated coverage on shares of Black Hills Corp. in a research note on Monday, March 10th. They set an “outperform” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Black Hills Corp. from $49.00 to $63.00 in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $51.75.
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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