Black Hills (BKH) Expected to Announce Quarterly Earnings on Wednesday

Black Hills (NYSE:BKH) will likely be announcing its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.20 per share and revenue of $944.00 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Black Hills Stock Performance

Black Hills stock opened at $58.69 on Monday. Black Hills has a 52-week low of $49.33 and a 52-week high of $65.59. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.12 and a quick ratio of 0.83. The stock has a fifty day moving average price of $59.48 and a two-hundred day moving average price of $59.63. The firm has a market capitalization of $4.20 billion, a P/E ratio of 15.78, a P/E/G ratio of 4.17 and a beta of 0.72.

Black Hills Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, February 18th will be issued a dividend of $0.676 per share. This is an increase from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Tuesday, February 18th. Black Hills’s dividend payout ratio (DPR) is currently 69.89%.

Wall Street Analyst Weigh In

Separately, Scotiabank lifted their target price on shares of Black Hills from $63.00 to $67.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Black Hills presently has a consensus rating of “Hold” and a consensus price target of $61.25.

About Black Hills

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.