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

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

Hawaiian Electric Industries Stock Performance

Shares of Hawaiian Electric Industries stock opened at $10.77 on Friday. The company has a 50 day moving average price of $9.56 and a 200 day moving average price of $10.40. The firm has a market capitalization of $1.86 billion, a P/E ratio of -0.91 and a beta of 0.53. Hawaiian Electric Industries has a 52 week low of $7.61 and a 52 week high of $18.19. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80.

Analysts Set New Price Targets

A number of research firms recently commented on HE. Jefferies Financial Group lowered their price target on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a research report on Friday, January 3rd. Barclays began coverage on shares of Hawaiian Electric Industries in a report on Thursday, February 6th. They set an “equal weight” rating and a $10.00 price objective on the stock. StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Finally, Evercore ISI lowered 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 note 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’s stock. According to MarketBeat.com, the stock currently 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.