Black Hills (BKH) to Release Earnings on Wednesday

Black Hills (NYSE:BKH) will be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Parties interested in registering for the company’s conference call can do so using this link.

Black Hills (NYSE:BKH) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.06 by $0.11. Black Hills had a net margin of 11.25% and a return on equity of 8.09%. The firm had revenue of $591.70 million for the quarter, compared to the consensus estimate of $863.67 million. During the same period in the previous year, the company earned $1.11 earnings per share.

Black Hills Stock Down 0.4 %

Shares of BKH opened at $55.77 on Monday. The firm’s 50-day simple moving average is $53.24 and its 200 day simple moving average is $52.42. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.56 and a current ratio of 0.70. The firm has a market cap of $3.81 billion, a P/E ratio of 14.23 and a beta of 0.64. Black Hills has a 52 week low of $46.43 and a 52 week high of $66.85.

Black Hills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Friday, May 17th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.60 annualized dividend and a yield of 4.66%. Black Hills’s dividend payout ratio (DPR) is presently 66.33%.

Analyst Upgrades and Downgrades

BKH has been the subject of a number of analyst reports. Royal Bank of Canada dropped their price target on Black Hills from $61.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 9th. StockNews.com downgraded shares of Black Hills from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th. Finally, Scotiabank lowered their price objective on Black Hills from $58.00 to $54.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.00.

Black Hills Company Profile

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.