Brokerages expect that Black Hills Corporation (NYSE:BKH) will report earnings of $0.57 per share for the current quarter, according to Zacks. 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 firm is scheduled to announce its next earnings results on Wednesday, November 1st.

According to Zacks, 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 year, analysts expect that the business will post earnings of $3.70 per share, with EPS estimates ranging from $3.65 to $3.80. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Black Hills Corporation.

Black Hills Corporation (NYSE:BKH) last posted its quarterly earnings results 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. The company had revenue of $348 million for the quarter, compared to analysts’ expectations of $356.85 million. Black Hills Corporation had a return on equity of 10.48% and a net margin of 7.71%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS.

BKH has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $70.00 target price on shares of Black Hills Corporation in a research note on Monday, July 31st. BidaskClub cut shares of Black Hills Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Singular Research lifted their target price on shares of Black Hills Corporation from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. BMO Capital Markets lifted their target price on shares of Black Hills Corporation from $67.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Finally, Williams Capital lifted their target price on shares of Black Hills Corporation from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, June 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Black Hills Corporation currently has an average rating of “Buy” and an average price target of $72.50.

Several hedge funds have recently modified their holdings of BKH. Eagle Asset Management Inc. boosted its stake in shares of Black Hills Corporation by 5.9% in the first quarter. Eagle Asset Management Inc. now owns 81,622 shares of the utilities provider’s stock worth $5,425,000 after buying an additional 4,558 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Black Hills Corporation by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 85,299 shares of the utilities provider’s stock worth $5,232,000 after buying an additional 2,198 shares during the last quarter. Swiss National Bank boosted its stake in shares of Black Hills Corporation by 1.9% in the first quarter. Swiss National Bank now owns 87,579 shares of the utilities provider’s stock worth $5,821,000 after buying an additional 1,600 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in shares of Black Hills Corporation by 243.8% in the first quarter. Sit Investment Associates Inc. now owns 6,875 shares of the utilities provider’s stock worth $457,000 after buying an additional 4,875 shares during the last quarter. Finally, Credit Agricole S A purchased a new stake in shares of Black Hills Corporation during the first quarter worth $321,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Black Hills Corporation (NYSE:BKH) traded down 1.03% during trading on Thursday, reaching $69.52. 274,191 shares of the company’s stock were exchanged. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 29.21 and a beta of 0.82. Black Hills Corporation has a 52 week low of $54.76 and a 52 week high of $72.02. The company’s 50 day moving average price is $69.16 and its 200-day moving average price is $67.18.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Wednesday, August 16th. Black Hills Corporation’s payout ratio is 74.79%.

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

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