Black Hills (BKH) Projected to Post Quarterly Earnings on Wednesday

Black Hills (NYSE:BKH - Get Free Report) is expected to post its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Black Hills to post earnings of $1.20 per share and revenue of $944.00 million for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Black Hills Price Performance

BKH traded down $0.54 during trading on Wednesday, reaching $58.14. 281,464 shares of the stock were exchanged, compared to its average volume of 476,737. The business's 50 day moving average price is $59.67 and its two-hundred day moving average price is $59.61. 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 company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 4.13 and a beta of 0.72. Black Hills has a 1 year low of $49.33 and a 1 year high of $65.59.

Black Hills Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.676 per share. This represents a $2.70 dividend on an annualized basis and a yield of 4.65%. This is an increase from Black Hills's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, February 18th. Black Hills's payout ratio is presently 69.89%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank boosted their target price on Black Hills from $63.00 to $67.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $61.25.

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.