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

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

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Tuesday, February 13th. The utilities provider reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The firm had revenue of $961.40 million for the quarter. Hawaiian Electric Industries had a return on equity of 9.99% and a net margin of 5.45%. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. 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 Price Performance

Shares of HE 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 PE ratio of 5.59 and a beta of 0.55. The firm’s 50 day moving average price is $10.89 and its 200 day moving average price is $12.48. Hawaiian Electric Industries has a twelve month low of $8.74 and a twelve month high of $40.16.

Wall Street Analyst Weigh In

HE has been the subject of several recent analyst reports. Evercore ISI increased their target price on Hawaiian Electric Industries from $7.00 to $11.00 and gave the company an “in-line” rating in a research note on Thursday, February 15th. StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.