Black Hills Corporation (BKH) Updates 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 guidance of $3.35-3.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.65. Black Hills Corporation also updated its FY17 guidance to $3.30-3.40 EPS.
Several brokerages have recently issued reports on BKH. Royal Bank Of Canada restated a buy rating and issued a $73.00 target price on shares of Black Hills Corporation in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Black Hills Corporation from a sell rating to a hold rating in a report on Wednesday, September 6th. Williams Capital cut shares of Black Hills Corporation from a buy rating to a hold rating and lowered their target price for the company from $75.00 to $70.00 in a report on Friday, October 6th. Credit Suisse Group upped their target price on shares of Black Hills Corporation from $75.00 to $77.00 and gave the company an outperform rating in a report on Monday, October 2nd. Finally, J P Morgan Chase & Co upped their target price on shares of Black Hills Corporation from $76.00 to $77.00 and gave the company an overweight rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Black Hills Corporation presently has an average rating of Hold and an average price target of $71.25.
Shares of Black Hills Corporation (NYSE BKH) traded down $2.51 during trading hours on Friday, reaching $61.23. 1,950,000 shares of the company were exchanged, compared to its average volume of 388,333. The firm has a market cap of $3,270.00, a PE ratio of 18.92, a P/E/G ratio of 3.25 and a beta of 0.78. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.82. Black Hills Corporation has a 12-month low of $54.76 and a 12-month high of $72.02.
Black Hills Corporation (NYSE:BKH) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). The business had revenue of $342.10 million for the quarter, compared to analyst estimates of $369.84 million. Black Hills Corporation had a return on equity of 10.48% and a net margin of 7.71%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. analysts anticipate that Black Hills Corporation will post 3.52 earnings per share for the current fiscal year.
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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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