Hawaiian Electric Industries (NYSE:HE) Issues Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Hawaiian Electric Industries (NYSE:HE) issued its quarterly earnings data on Friday. The utilities provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.05), Briefing.com reports. The business had revenue of $792.30 million for the quarter. Hawaiian Electric Industries had a net margin of 5.16% and a return on equity of 9.58%. The business’s revenue for the quarter was down .2% on a year-over-year basis.

Hawaiian Electric Industries Stock Performance

HE stock traded down $0.48 during trading hours on Friday, hitting $15.50. 2,191,231 shares of the stock were exchanged, compared to its average volume of 3,101,570. 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 firm has a market capitalization of $1.71 billion, a P/E ratio of 9.17 and a beta of 0.57. The company has a 50-day simple moving average of $11.89 and a two-hundred day simple moving average of $11.65.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HE. StockNews.com raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Wednesday. Evercore ISI boosted their target price on shares of Hawaiian Electric Industries from $11.00 to $16.00 and gave the stock an “in-line” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company boosted their target price on shares of Hawaiian Electric Industries from $8.50 to $9.00 and gave the stock an “underweight” rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat.com, Hawaiian Electric Industries has a consensus rating of “Hold” and an average price target of $12.88.

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.