Black Hills (NYSE:BKH) Releases FY 2021 Earnings Guidance

Black Hills (NYSE:BKH) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.850-$4.000 for the period, compared to the Thomson Reuters consensus estimate of $3.920. The company issued revenue guidance of -.Black Hills also updated its FY 2022 guidance to $3.950-$4.150 EPS.

Several research firms have recently weighed in on BKH. Sidoti lifted their price objective on Black Hills from $78.00 to $80.00 and gave the company a buy rating in a research note on Wednesday, August 25th. Mizuho lifted their price objective on Black Hills from $60.00 to $67.00 and gave the company a neutral rating in a research note on Wednesday, September 22nd. Finally, Zacks Investment Research lowered Black Hills from a buy rating to a hold rating in a research note on Thursday, September 30th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Black Hills has a consensus rating of Buy and an average target price of $74.50.

Black Hills stock traded down $0.31 during midday trading on Thursday, hitting $66.84. 225,633 shares of the company were exchanged, compared to its average volume of 335,411. The stock has a fifty day simple moving average of $65.53. The company has a market cap of $4.24 billion, a P/E ratio of 17.27, a PEG ratio of 3.31 and a beta of 0.44. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.47. Black Hills has a fifty-two week low of $57.02 and a fifty-two week high of $72.78.

Black Hills (NYSE:BKH) last released its quarterly earnings results on Tuesday, November 2nd. The utilities provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.64 by $0.06. Black Hills had a return on equity of 8.87% and a net margin of 12.96%. During the same quarter last year, the firm posted $0.58 EPS. On average, sell-side analysts predict that Black Hills will post 3.88 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 1st. Shareholders of record on Wednesday, November 17th will be issued a dividend of $0.595 per share. The ex-dividend date of this dividend is Tuesday, November 16th. This is an increase from Black Hills’s previous quarterly dividend of $0.57. This represents a $2.38 annualized dividend and a yield of 3.56%. Black Hills’s payout ratio is currently 61.50%.

An institutional investor recently bought a new position in Black Hills stock. OLD Mission Capital LLC acquired a new position in shares of Black Hills Co. (NYSE:BKH) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,419 shares of the utilities provider’s stock, valued at approximately $611,000. 87.31% of the stock is owned by institutional investors and hedge funds.

Black Hills Company Profile

Black Hills Corp. is a diversified energy company. It operates through the following segments: Electric Utilities, Gas Utilities, Power Generation, Mining, and Corporate and Other. The Electric Utilities segment generates, transmits, and distributes electricity in South Dakota, Wyoming, Colorado, and Montana.

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