Hawaiian Electric Industries (NYSE:HE) Issues Quarterly Earnings Results

Hawaiian Electric Industries (NYSE:HE) issued its earnings results on Friday. The utilities provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.19), Zacks reports. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%.

Hawaiian Electric Industries Stock Down 1.9 %

Shares of HE stock traded down $0.21 during mid-day trading on Friday, hitting $10.77. The company’s stock had a trading volume of 2,877,528 shares, compared to its average volume of 3,156,697. Hawaiian Electric Industries has a 52-week low of $7.61 and a 52-week high of $18.19. The business has a 50-day moving average price of $9.55 and a 200 day moving average price of $10.48. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -0.91 and a beta of 0.53.

Analyst Ratings Changes

Several analysts have weighed in on HE shares. Evercore ISI lowered their price target on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Tuesday, November 19th. Barclays assumed coverage on Hawaiian Electric Industries in a research note on Thursday, February 6th. They issued an “equal weight” rating and a $10.00 price target on the stock. Jefferies Financial Group cut their price objective on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating on the stock in a research report on Friday, January 3rd. Finally, StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.50.

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.