Hawaiian Electric Industries (HE) Scheduled to Post Earnings on Friday

Hawaiian Electric Industries (NYSE:HE) is scheduled to be issuing its quarterly earnings data after the market closes on Friday, May 10th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Tuesday, February 13th. The utilities provider reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Hawaiian Electric Industries had a net margin of 5.45% and a return on equity of 9.99%. The company had revenue of $961.40 million during the quarter. During the same quarter in the previous year, the company posted $0.52 EPS. Hawaiian Electric Industries’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, analysts expect Hawaiian Electric Industries to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hawaiian Electric Industries Stock Performance

Shares of HE stock opened at $10.12 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 5.59 and a beta of 0.55. Hawaiian Electric Industries has a 52 week low of $8.74 and a 52 week high of $40.16. The firm’s 50-day simple moving average is $10.89 and its two-hundred day simple moving average is $12.48.

Analyst Upgrades and Downgrades

Several research firms recently commented on HE. StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Evercore ISI increased their price target on Hawaiian Electric Industries from $7.00 to $11.00 and gave the stock an “in-line” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.50.

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.