Hawaiian Electric Industries (HE) Expected to Announce Quarterly Earnings on Tuesday

Hawaiian Electric Industries (NYSE:HE) is anticipated to release its earnings data before the market opens on Tuesday, February 11th. Analysts expect Hawaiian Electric Industries to post earnings of $0.39 per share and revenue of $917.15 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Friday, November 8th. The utilities provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The company had revenue of $983.38 million during the quarter. During the same period last year, the firm earned $0.37 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts expect Hawaiian Electric Industries to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hawaiian Electric Industries Price Performance

Shares of NYSE HE opened at $9.35 on Tuesday. The firm has a market capitalization of $1.61 billion, a P/E ratio of -0.79 and a beta of 0.53. The firm’s 50-day moving average price is $9.65 and its 200-day moving average price is $11.00. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. Hawaiian Electric Industries has a 1-year low of $7.61 and a 1-year high of $18.19.

Analyst Ratings Changes

HE has been the subject of a number of research reports. Jefferies Financial Group reduced their price objective on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a research note on Friday, January 3rd. Evercore ISI reduced their price target on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Tuesday, November 19th. Finally, StockNews.com downgraded shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th.

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.