Black Hills (NYSE:BKH) Posts Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Black Hills (NYSE:BKH - Get Free Report) issued its quarterly earnings results on Wednesday. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.20 by $0.17, Zacks reports. Black Hills had a net margin of 12.00% and a return on equity of 7.43%. Black Hills updated its FY 2025 guidance to 4.000-4.200 EPS.

Black Hills Stock Up 1.5 %

NYSE:BKH traded up $0.89 during midday trading on Wednesday, hitting $60.06. 452,925 shares of the company were exchanged, compared to its average volume of 472,871. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 1.20. Black Hills has a fifty-two week low of $49.33 and a fifty-two week high of $65.59. The company has a market capitalization of $4.30 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 4.21 and a beta of 0.73. The company has a fifty day simple moving average of $59.27 and a 200 day simple moving average of $59.65.

Black Hills Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, February 18th will be issued a $0.676 dividend. This is a boost from Black Hills's previous quarterly dividend of $0.65. The ex-dividend date is Tuesday, February 18th. This represents a $2.70 annualized dividend and a dividend yield of 4.50%. Black Hills's dividend payout ratio is presently 69.89%.

Wall Street Analysts Forecast Growth

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

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