Black Hills Corporation (BKH) Updates FY17 Earnings Guidance
Black Hills Corporation (NYSE:BKH) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $3.30-3.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.52. Black Hills Corporation also updated its FY18 guidance to $3.35-3.55 EPS.
A number of brokerages have recently commented on BKH. Wells Fargo & Company initiated coverage on shares of Black Hills Corporation in a report on Friday, October 27th. They set a market perform rating and a $58.00 price target on the stock. Bank of America Corporation initiated coverage on shares of Black Hills Corporation in a report on Tuesday, October 24th. They issued an underperform rating and a $66.00 target price on the stock. J P Morgan Chase & Co boosted their target price on shares of Black Hills Corporation from $76.00 to $77.00 and gave the stock an overweight rating in a report on Thursday, October 12th. Williams Capital downgraded shares of Black Hills Corporation from a buy rating to a hold rating and lowered their target price for the stock from $75.00 to $70.00 in a report on Friday, October 6th. Finally, Credit Suisse Group AG boosted their target price 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $71.25.
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 the 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 return on equity of 10.48% and a net margin of 7.71%. Black Hills Corporation’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS.
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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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