Hawaiian Electric Industries (NYSE:HE) Releases FY 2021 Earnings Guidance

Hawaiian Electric Industries (NYSE:HE) issued an update on its FY 2021 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.100-$2.200 for the period, compared to the Thomson Reuters consensus estimate of $2.080. The company issued revenue guidance of -.

HE traded down $0.19 during trading hours on Thursday, hitting $39.89. 346,124 shares of the company’s stock were exchanged, compared to its average volume of 491,858. Hawaiian Electric Industries has a 1-year low of $32.96 and a 1-year high of $45.97. The stock’s 50-day moving average is $40.80 and its two-hundred day moving average is $42.46. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.56 and a beta of 0.25. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.94.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Friday, November 5th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.01). Hawaiian Electric Industries had a return on equity of 10.37% and a net margin of 8.93%. The firm had revenue of $756.90 million for the quarter. During the same quarter in the prior year, the business earned $0.59 earnings per share. On average, equities research analysts anticipate that Hawaiian Electric Industries will post 2.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 10th. Shareholders of record on Tuesday, November 23rd will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, November 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 3.41%. Hawaiian Electric Industries’s payout ratio is 61.54%.

Separately, Zacks Investment Research upgraded shares of Hawaiian Electric Industries from a hold rating to a buy rating and set a $43.00 price target on the stock in a research note on Monday, October 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $38.80.

An institutional investor recently raised its position in Hawaiian Electric Industries stock. UBS Group AG increased its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 27.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,832 shares of the utilities provider’s stock after purchasing an additional 10,417 shares during the period. UBS Group AG’s holdings in Hawaiian Electric Industries were worth $1,953,000 as of its most recent SEC filing. 52.89% of the stock is currently owned by institutional investors and hedge funds.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc is a holding company, which engages in power, financial, and renewable and sustainable infrastructure investment businesses. It operates through the following segments: Electric Utility, Bank, and Other. The Electric Utility segment offers essential electric service in the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai.

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