Hawaiian Electric Industries (HE) Expected to Announce Earnings on Friday

Hawaiian Electric Industries (NYSE:HE) is anticipated to post its quarterly earnings results after the market closes on Friday, February 21st. Analysts expect Hawaiian Electric Industries to post earnings of $0.39 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Hawaiian Electric Industries Stock Up 5.0 %

Shares of NYSE HE opened at $10.67 on Wednesday. The firm’s 50-day simple moving average is $9.52 and its 200 day simple moving average is $10.51. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -0.90 and a beta of 0.53. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. Hawaiian Electric Industries has a 12-month low of $7.61 and a 12-month high of $18.19.

Wall Street Analyst Weigh In

HE has been the topic of a number of research reports. Evercore ISI cut their target price 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. Jefferies Financial Group reduced their target price on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating on the stock in a research note on Friday, January 3rd. StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Finally, Barclays assumed coverage on shares of Hawaiian Electric Industries in a research note on Thursday, February 6th. They issued an “equal weight” rating and a $10.00 target price on the stock. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.