Hawaiian Electric Industries (HE) to Release Quarterly Earnings on Friday

Hawaiian Electric Industries (NYSE:HE) is set to announce its earnings results after the market closes on Friday, November 8th. Investors that wish to listen to the company’s conference call can do so using this link.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings results on Friday, August 9th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). Hawaiian Electric Industries had a negative net margin of 31.76% and a positive return on equity of 10.69%. The business had revenue of $792.30 million for the quarter. Hawaiian Electric Industries’s revenue was down .2% compared to the same quarter last year.

Hawaiian Electric Industries Trading Up 2.7 %

Shares of NYSE HE opened at $10.27 on Friday. Hawaiian Electric Industries has a 1 year low of $7.61 and a 1 year high of $18.19. The stock has a market cap of $1.13 billion, a P/E ratio of -0.97 and a beta of 0.54. The firm has a 50-day moving average of $10.53 and a 200 day moving average of $11.15. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.11 and a quick ratio of 0.11.

Analyst Ratings Changes

Several analysts recently issued reports on HE shares. Evercore ISI cut their target price on shares of Hawaiian Electric Industries from $16.00 to $9.00 and set an “in-line” rating for the company in a research report on Tuesday, September 24th. Wells Fargo & Company dropped their price target on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating for the company in a research report on Monday, September 30th. Finally, StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 4th.

About Hawaiian Electric Industries

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.