Black Hills (NYSE:BKH) Issues FY 2024 Earnings Guidance

Black Hills (NYSE:BKH) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 3.800-4.000 for the period, compared to the consensus EPS estimate of 3.920. The company issued revenue guidance of -. Black Hills also updated its FY24 guidance to $3.80-$4.00 EPS.

Analyst Ratings Changes

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

Black Hills Stock Performance

Shares of BKH traded up $1.21 during mid-day trading on Friday, hitting $60.78. The company’s stock had a trading volume of 456,582 shares, compared to its average volume of 518,025. Black Hills has a one year low of $48.27 and a one year high of $62.20. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.94 and a current ratio of 1.06. The firm has a market capitalization of $4.24 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 4.36 and a beta of 0.69. The stock’s 50-day moving average is $60.19 and its two-hundred day moving average is $57.49.

Black Hills (NYSE:BKH) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.12). Black Hills had a net margin of 12.00% and a return on equity of 7.51%. The business had revenue of $401.60 million during the quarter. As a group, sell-side analysts anticipate that Black Hills will post 3.91 EPS for the current year.

Black Hills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Monday, November 18th will be given a $0.65 dividend. The ex-dividend date is Monday, November 18th. This represents a $2.60 annualized dividend and a yield of 4.28%. Black Hills’s dividend payout ratio (DPR) is currently 69.89%.

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.