Black Hills (NYSE:BKH) Announces Earnings Results, Beats Estimates By $0.17 EPS

Black Hills (NYSE:BKH) released its quarterly earnings results on Wednesday. The utilities provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates 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 Trading Up 1.5 %

NYSE:BKH traded up $0.89 during mid-day trading on Wednesday, hitting $60.06. 452,925 shares of the company’s stock were exchanged, compared to its average volume of 472,871. The company has a 50 day simple moving average of $59.27 and a 200-day simple moving average of $59.65. 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 firm has a market capitalization of $4.30 billion, a P/E ratio of 16.14, a PEG ratio of 4.21 and a beta of 0.73.

Black Hills Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, February 18th will be paid a $0.676 dividend. This is an increase from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Tuesday, February 18th. Black Hills’s dividend payout ratio (DPR) is presently 69.89%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised their target price on shares of Black Hills from $63.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, Black Hills 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.