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

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BKH shares. Wells Fargo & Company raised their target price on shares of Black Hills from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Scotiabank increased their target price 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 equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, Black Hills presently has a consensus rating of “Hold” and a consensus target price of $58.00.

Black Hills Stock Up 2.0 %

Shares of Black Hills stock traded up $1.21 during trading on Friday, reaching $60.78. The company had a trading volume of 456,582 shares, compared to its average volume of 518,025. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 4.36 and a beta of 0.69. The firm’s fifty day moving average is $60.19 and its 200-day moving average is $57.49. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.94 and a current ratio of 1.06. Black Hills has a fifty-two week low of $48.27 and a fifty-two week high of $62.20.

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

Black Hills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders 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 4.28%. The ex-dividend date is Monday, November 18th. Black Hills’s dividend payout ratio (DPR) is 69.89%.

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.