Hawaiian Electric Industries (NYSE:HE - Get Free Report) issued its quarterly earnings results on Friday. The utilities provider reported $0.23 earnings per share for the quarter, meeting analysts' consensus estimates of $0.23, Zacks reports. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The business had revenue of $744.07 million for the quarter. During the same quarter in the prior year, the firm posted $0.38 EPS.
Hawaiian Electric Industries Stock Performance
Shares of HE stock traded up $0.23 during trading hours on Tuesday, reaching $10.92. 804,964 shares of the company traded hands, compared to its average volume of 2,666,101. The company has a market cap of $1.88 billion, a P/E ratio of -0.92 and a beta of 0.64. Hawaiian Electric Industries has a 12-month low of $7.61 and a 12-month high of $18.19. The firm has a 50-day moving average price of $10.51 and a 200 day moving average price of $10.15. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. Barclays upped their price objective on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. StockNews.com raised Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a report on Monday. Wells Fargo & Company lifted their price target on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Finally, Evercore ISI upgraded Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $12.00 to $14.00 in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $12.00.
Read Our Latest Research Report on HE
About Hawaiian Electric Industries
(
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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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