Wall Street brokerages predict that Black Hills Corporation (NYSE:BKH) will announce earnings of $0.57 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Black Hills Corporation’s earnings. Black Hills Corporation reported earnings per share of $0.48 during the same quarter last year, which would suggest a positive year over year growth rate of 18.8%. The company is expected to announce its next earnings report on Wednesday, November 1st.

On average, analysts expect that Black Hills Corporation will report full year earnings of $3.51 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.57. For the next financial year, analysts forecast that the firm will post earnings of $3.70 per share, with EPS estimates ranging from $3.65 to $3.80. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Black Hills Corporation.

Black Hills Corporation (NYSE:BKH) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.10. Black Hills Corporation had a net margin of 7.71% and a return on equity of 10.48%. The company had revenue of $348 million for the quarter, compared to the consensus estimate of $356.85 million. During the same period last year, the business earned $0.39 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis.

A number of equities analysts recently commented on BKH shares. Singular Research boosted their price objective on shares of Black Hills Corporation from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Williams Capital boosted their price objective on shares of Black Hills Corporation from $68.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $73.00 price objective on shares of Black Hills Corporation in a research note on Wednesday. BidaskClub downgraded shares of Black Hills Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, BMO Capital Markets boosted their price objective on shares of Black Hills Corporation from $67.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $72.50.

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Several institutional investors have recently modified their holdings of the company. Kennedy Capital Management Inc. increased its position in shares of Black Hills Corporation by 0.8% in the second quarter. Kennedy Capital Management Inc. now owns 280,366 shares of the utilities provider’s stock worth $18,916,000 after buying an additional 2,168 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Black Hills Corporation by 977.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 99,156 shares of the utilities provider’s stock worth $6,251,000 after buying an additional 89,956 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Black Hills Corporation by 5.1% in the second quarter. JPMorgan Chase & Co. now owns 4,424 shares of the utilities provider’s stock worth $298,000 after buying an additional 213 shares during the last quarter. State of Tennessee Treasury Department increased its position in shares of Black Hills Corporation by 100.0% in the second quarter. State of Tennessee Treasury Department now owns 60,000 shares of the utilities provider’s stock worth $4,048,000 after buying an additional 30,000 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Black Hills Corporation by 1.6% in the second quarter. Swiss National Bank now owns 88,979 shares of the utilities provider’s stock worth $6,003,000 after buying an additional 1,400 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Black Hills Corporation (BKH) opened at 70.67 on Thursday. The company’s 50-day moving average price is $69.21 and its 200-day moving average price is $67.10. Black Hills Corporation has a 52-week low of $54.76 and a 52-week high of $72.02. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 34.90 and a beta of 0.82.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, August 16th. Black Hills Corporation’s payout ratio is presently 74.79%.

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

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