Hawaiian Electric Industries (NYSE:HE – Get Free Report) issued its earnings results on Friday. The utilities provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05), Briefing.com reports. Hawaiian Electric Industries had a return on equity of 9.58% and a net margin of 5.16%. The business had revenue of $792.30 million during the quarter. The firm’s quarterly revenue was down .2% compared to the same quarter last year.
Hawaiian Electric Industries Price Performance
Shares of HE stock traded down $0.48 during trading hours on Friday, hitting $15.50. 2,191,231 shares of the company’s stock were exchanged, compared to its average volume of 3,101,570. The company has a market capitalization of $1.71 billion, a PE ratio of 9.17 and a beta of 0.57. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.19. Hawaiian Electric Industries has a 12-month low of $7.61 and a 12-month high of $35.57. The business’s 50 day simple moving average is $11.89 and its 200-day simple moving average is $11.65.
Wall Street Analysts Forecast Growth
HE has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Hawaiian Electric Industries from $8.50 to $9.00 and gave the company an “underweight” rating in a report on Monday, May 13th. StockNews.com raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Evercore ISI boosted their price target on shares of Hawaiian Electric Industries from $11.00 to $16.00 and gave the stock an “in-line” rating in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, Hawaiian Electric Industries has a consensus rating of “Hold” and a consensus price target of $12.88.
About Hawaiian Electric Industries
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.
Read More
- Five stocks we like better than Hawaiian Electric Industries
- What is Insider Trading? What You Can Learn from Insider Trading
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- MarketBeat Week in Review – 8/5 – 8/9
- 3 Grocery Stocks That Are Proving They Are Still Essential
- The Cannabis Sector: Profitability Takes Center Stage
Receive News & Ratings for Hawaiian Electric Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Electric Industries and related companies with MarketBeat.com's FREE daily email newsletter.