Hawaiian Electric Industries (NYSE:HE - Get Free Report) is projected to announce its Q2 2025 earnings results after the market closes on Thursday, August 7th. Analysts expect the company to announce earnings of $0.24 per share for the quarter.
Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued its earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Hawaiian Electric Industries had a positive return on equity of 12.59% and a negative net margin of 42.60%. The business had revenue of $744.07 million for the quarter. During the same period last year, the business posted $0.38 earnings per share. 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 Stock Up 0.1%
NYSE:HE traded up $0.01 during mid-day trading on Friday, hitting $10.73. The company had a trading volume of 1,382,230 shares, compared to its average volume of 1,498,516. The business has a fifty day simple moving average of $10.67 and a 200-day simple moving average of $10.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.77. Hawaiian Electric Industries has a 1 year low of $8.14 and a 1 year high of $16.89. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -0.83 and a beta of 0.64.
Analysts Set New Price Targets
Several research analysts have commented on the company. Jefferies Financial Group raised their price objective on Hawaiian Electric Industries from $11.00 to $11.25 and gave the company a "hold" rating in a research report on Wednesday, May 28th. Wall Street Zen raised Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Barclays dropped their target price on Hawaiian Electric Industries from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $11.94.
Check Out Our Latest Stock Analysis on Hawaiian Electric Industries
Hedge Funds Weigh In On Hawaiian Electric Industries
A number of hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Hawaiian Electric Industries by 36.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 491,366 shares of the utilities provider's stock worth $5,380,000 after purchasing an additional 132,321 shares in the last quarter. Royal Bank of Canada grew its stake in Hawaiian Electric Industries by 51.9% in the first quarter. Royal Bank of Canada now owns 379,888 shares of the utilities provider's stock worth $4,159,000 after purchasing an additional 129,819 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Hawaiian Electric Industries by 16.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,582 shares of the utilities provider's stock worth $1,331,000 after purchasing an additional 17,158 shares in the last quarter. Empowered Funds LLC boosted its stake in Hawaiian Electric Industries by 12.9% in the first quarter. Empowered Funds LLC now owns 26,690 shares of the utilities provider's stock valued at $292,000 after acquiring an additional 3,060 shares during the period. Finally, Comerica Bank boosted its stake in Hawaiian Electric Industries by 45.0% in the first quarter. Comerica Bank now owns 6,075 shares of the utilities provider's stock valued at $67,000 after acquiring an additional 1,886 shares during the period. 59.91% of the stock is currently owned by institutional investors and hedge funds.
About Hawaiian Electric Industries
(
Get Free Report)
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.
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