Black Hills Corporation (BKH) Scheduled to Post Quarterly Earnings on Thursday
Black Hills Corporation (NYSE:BKH) will issue its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Black Hills Corporation has set its FY17 guidance at $3.45-3.60 EPS.
Black Hills Corporation (NYSE:BKH) last announced its earnings results 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). Black Hills Corporation had a return on equity of 10.48% and a net margin of 7.71%. The business had revenue of $348.00 million for the quarter, compared to analyst estimates of $356.85 million. During the same quarter in the previous year, the company posted $0.39 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts expect Black Hills Corporation to post $3.50 EPS for the current fiscal year and $3.66 EPS for the next fiscal year.
Shares of Black Hills Corporation (NYSE BKH) opened at 64.89 on Thursday. Black Hills Corporation has a 52 week low of $54.76 and a 52 week high of $72.02. The firm has a 50-day moving average of $68.51 and a 200-day moving average of $69.00. The firm has a market cap of $3.47 billion, a PE ratio of 27.09 and a beta of 0.79.
Several research analysts recently issued reports on BKH shares. BidaskClub lowered Black Hills Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 price objective on shares of Black Hills Corporation in a report on Friday, June 30th. Zacks Investment Research lowered Black Hills Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Credit Suisse Group increased their price objective on Black Hills Corporation from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, October 2nd. Finally, Williams Capital lowered Black Hills Corporation from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $70.00 in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Black Hills Corporation has a consensus rating of “Hold” and a consensus target price of $73.14.
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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