Black Hills (BKH) to Release Earnings on Wednesday

Black Hills (NYSE:BKH) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Black Hills to post earnings of $0.64 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Black Hills Stock Performance

Shares of Black Hills stock opened at $57.92 on Monday. The company’s 50 day moving average price is $60.12 and its two-hundred day moving average price is $57.28. The firm has a market capitalization of $4.04 billion, a P/E ratio of 14.34, a P/E/G ratio of 4.28 and a beta of 0.69. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.06 and a quick ratio of 0.94. Black Hills has a fifty-two week low of $48.27 and a fifty-two week high of $62.20.

Black Hills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Monday, November 18th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Monday, November 18th. Black Hills’s dividend payout ratio (DPR) is 64.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BKH shares. Wells Fargo & Company increased their target price on Black Hills from $61.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Scotiabank upped their price objective on Black Hills from $54.00 to $63.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $58.00.

Black Hills Company Profile

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.