Black Hills Corporation (BKH) Releases FY18 Earnings Guidance
Black Hills Corporation (NYSE:BKH) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.35-3.55 for the period, compared to the Thomson Reuters consensus estimate of $3.65. Black Hills Corporation also updated its FY17 guidance to $3.30-3.40 EPS.
Black Hills Corporation (NYSE:BKH) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). The company had revenue of $348.00 million for the quarter, compared to the consensus estimate of $356.85 million. Black Hills Corporation had a return on equity of 10.48% and a net margin of 7.71%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS.
A number of equities analysts have recently commented on the stock. Williams Capital lowered shares of Black Hills Corporation from a buy rating to a hold rating and cut their price target for the stock from $75.00 to $70.00 in a report on Friday, October 6th. Royal Bank Of Canada reiterated a buy rating and set a $70.00 price target on shares of Black Hills Corporation in a report on Monday, July 31st. Zacks Investment Research lowered shares of Black Hills Corporation from a hold rating to a sell rating in a report on Tuesday, August 22nd. Bank of America Corporation assumed coverage on shares of Black Hills Corporation in a report on Tuesday, October 24th. They set an underperform rating and a $66.00 price target on the stock. Finally, Credit Suisse Group AG lifted their price target on shares of Black Hills Corporation from $75.00 to $77.00 and gave the stock an outperform rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Black Hills Corporation has a consensus rating of Hold and an average price target of $71.25.
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About Black Hills Corporation
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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