Hawaiian Electric Industries (NYSE:HE) Posts Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Hawaiian Electric Industries (NYSE:HE) issued its earnings results on Friday. The utilities provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19), Zacks reports. The business had revenue of $799.18 million during the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%.

Hawaiian Electric Industries Trading Down 1.9 %

Shares of NYSE:HE opened at $10.77 on Friday. Hawaiian Electric Industries has a twelve month low of $7.61 and a twelve month high of $18.19. The firm has a market cap of $1.86 billion, a P/E ratio of -0.91 and a beta of 0.53. The company has a 50 day moving average of $9.56 and a 200-day moving average of $10.40. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80.

Wall Street Analyst Weigh In

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