Black Hills Corporation (BKH) Issues 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.

Several brokerages have recently issued reports on BKH. Wells Fargo & Company began coverage on Black Hills Corporation in a research report on Friday, October 27th. They set a market perform rating and a $58.00 price target on the stock. Bank of America Corporation began coverage on Black Hills Corporation in a research report on Tuesday, October 24th. They set an underperform rating and a $66.00 price target on the stock. J P Morgan Chase & Co lifted their price target on Black Hills Corporation from $76.00 to $77.00 and gave the company an overweight rating in a research report on Thursday, October 12th. Williams Capital cut Black Hills Corporation from a buy rating to a hold rating and decreased their target price for the stock from $75.00 to $70.00 in a report on Friday, October 6th. Finally, Credit Suisse Group lifted their target price on Black Hills Corporation from $75.00 to $77.00 and gave the stock an outperform rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Black Hills Corporation currently has an average rating of Hold and a consensus price target of $71.25.

Black Hills Corporation (BKH) traded down $2.51 on Friday, reaching $61.23. The company had a trading volume of 1,950,000 shares, compared to its average volume of 388,333. The firm has a market capitalization of $3,270.00, a PE ratio of 18.92, a price-to-earnings-growth ratio of 3.25 and a beta of 0.78. Black Hills Corporation has a 52-week low of $54.76 and a 52-week high of $72.02. The company has a current ratio of 0.82, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Black Hills Corporation (NYSE:BKH) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). The firm had revenue of $342.10 million for the quarter, compared to analyst estimates of $369.84 million. Black Hills Corporation had a net margin of 7.71% and a return on equity of 10.48%. Black Hills Corporation’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. research analysts forecast that Black Hills Corporation will post 3.52 earnings per share for the current 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.

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

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