Analysts Anticipate Black Hills Corp (BKH) to Announce $1.53 EPS

Brokerages predict that Black Hills Corp (NYSE:BKH) will report earnings of $1.53 per share for the current quarter, Zacks reports. Zero analysts have made estimates for Black Hills’ earnings. Black Hills reported earnings per share of $1.41 during the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The company is expected to issue its next earnings report on Wednesday, May 2nd.

On average, analysts expect that Black Hills will report full-year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $3.39 to $3.45. For the next fiscal year, analysts forecast that the firm will report earnings of $3.50 per share, with EPS estimates ranging from $3.42 to $3.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Black Hills.

Black Hills (NYSE:BKH) last posted its earnings results on Thursday, February 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09). Black Hills had a return on equity of 10.14% and a net margin of 10.83%. The business had revenue of $455.30 million for the quarter, compared to the consensus estimate of $504.05 million.

Several research firms recently issued reports on BKH. JPMorgan Chase & Co. raised their price target on Black Hills from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Bank of America began coverage on Black Hills in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $66.00 price objective on the stock. Wells Fargo & Co began coverage on Black Hills in a research report on Friday, October 27th. They issued a “market perform” rating and a $58.00 price objective on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a $66.00 price objective (down from $77.00) on shares of Black Hills in a research report on Monday, November 6th. They noted that the move was a valuation call. Finally, Royal Bank of Canada cut their price objective on Black Hills from $72.00 to $64.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $64.50.

Shares of Black Hills (NYSE:BKH) traded up $0.65 during trading hours on Wednesday, hitting $52.40. The stock had a trading volume of 774,568 shares, compared to its average volume of 1,039,289. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.47. Black Hills has a one year low of $50.98 and a one year high of $72.02. The firm has a market capitalization of $2,803.13, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 3.24 and a beta of 0.55.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Wednesday, February 14th. Black Hills’s payout ratio is presently 56.89%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. raised its position in Black Hills by 7.7% in the second quarter. Advisor Group Inc. now owns 2,119 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 151 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Black Hills by 48.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,890 shares of the utilities provider’s stock valued at $174,000 after purchasing an additional 940 shares during the last quarter. Flinton Capital Management LLC raised its stake in Black Hills by 68.8% during the 2nd quarter. Flinton Capital Management LLC now owns 2,592 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 1,056 shares during the last quarter. Suntrust Banks Inc. acquired a new position in Black Hills during the 2nd quarter valued at $202,000. Finally, Public Employees Retirement System of Ohio raised its stake in Black Hills by 2.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,232 shares of the utilities provider’s stock valued at $218,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 93.81% of the company’s stock.

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Black Hills 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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Earnings History and Estimates for Black Hills (NYSE:BKH)

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