$0.57 Earnings Per Share Expected for Black Hills Corporation (BKH) This Quarter
Equities research analysts forecast that Black Hills Corporation (NYSE:BKH) will post $0.57 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Black Hills Corporation’s earnings. Black Hills Corporation posted earnings per share of $0.48 in the same quarter last year, which suggests a positive year over year growth rate of 18.8%. The company is expected to issue its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that Black Hills Corporation will report full-year earnings of $3.51 per share for the current financial year, with EPS estimates ranging from $3.45 to $3.57. For the next year, analysts expect that the firm will report earnings of $3.70 per share, with EPS estimates ranging from $3.65 to $3.80. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Black Hills Corporation.
Black Hills Corporation (NYSE:BKH) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.10). The business had revenue of $348.00 million for the quarter, compared to analysts’ expectations of $356.85 million. Black Hills Corporation had a net margin of 7.71% and a return on equity of 10.48%. Black Hills Corporation’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share.
BKH has been the topic of several analyst reports. Williams Capital boosted their target price on Black Hills Corporation from $68.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, June 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 target price on shares of Black Hills Corporation in a report on Wednesday, August 9th. BidaskClub cut Black Hills Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Zacks Investment Research upgraded Black Hills Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Credit Suisse Group upped their target price on Black Hills Corporation from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $75.00.
Several hedge funds and other institutional investors have recently modified their holdings of BKH. World Asset Management Inc purchased a new stake in shares of Black Hills Corporation during the 1st quarter worth $218,000. UBS Asset Management Americas Inc. lifted its stake in shares of Black Hills Corporation by 31.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 38,861 shares of the utilities provider’s stock worth $2,583,000 after purchasing an additional 9,298 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Black Hills Corporation during the 1st quarter worth $1,217,000. Parametric Portfolio Associates LLC lifted its stake in shares of Black Hills Corporation by 4.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 83,093 shares of the utilities provider’s stock worth $5,523,000 after purchasing an additional 3,246 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Black Hills Corporation by 21.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,704 shares of the utilities provider’s stock worth $512,000 after purchasing an additional 1,383 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.
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Black Hills Corporation (BKH) traded up 0.94% during midday trading on Wednesday, reaching $69.73. 289,411 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $69.58 and its 200-day moving average price is $68.89. The stock has a market cap of $3.73 billion, a PE ratio of 29.11 and a beta of 0.79. Black Hills Corporation has a one year low of $54.76 and a one year high of $72.02.
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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