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

Black Hills (NYSE:BKH) released its quarterly earnings data on Wednesday. The utilities provider reported $1.37 earnings per share (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 Price Performance

Shares of NYSE BKH traded down $0.11 during trading on Friday, hitting $59.79. 66,494 shares of the company were exchanged, compared to its average volume of 467,200. The firm’s fifty day moving average price is $59.12 and its 200 day moving average price is $59.65. 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 cap of $4.28 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 4.21 and a beta of 0.73. Black Hills has a 1 year low of $49.50 and a 1 year high of $65.59.

Black Hills Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, February 18th will be given a $0.676 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 dividend on an annualized basis and a yield of 4.52%. Black Hills’s payout ratio is 69.89%.

Wall Street Analyst Weigh In

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