Hawaiian Electric Industries (HE) Set to Announce Earnings on Friday

Hawaiian Electric Industries (NYSE:HE) is scheduled to post its quarterly earnings results after the market closes on Friday, May 10th. Analysts expect Hawaiian Electric Industries to post earnings of $0.41 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $961.40 million for the quarter. Hawaiian Electric Industries had a net margin of 5.45% and a return on equity of 9.99%. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. On average, analysts expect Hawaiian Electric Industries to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hawaiian Electric Industries Trading Down 2.3 %

Shares of NYSE HE opened at $9.87 on Wednesday. The business has a fifty day moving average price of $10.93 and a 200 day moving average price of $12.50. Hawaiian Electric Industries has a 1-year low of $8.74 and a 1-year high of $40.16. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market capitalization of $1.09 billion, a P/E ratio of 5.45 and a beta of 0.55.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Evercore ISI raised their price objective on Hawaiian Electric Industries from $7.00 to $11.00 and gave the stock an “in-line” rating in a research report on Thursday, February 15th. StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.50.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc, together with its subsidiaries, engages in the electric utility businesses in the United States. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai.