Hawaiian Electric Industries (HE) Projected to Post Earnings on Friday

Hawaiian Electric Industries (NYSE:HE) is projected 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 interested in participating in the company’s earnings conference call can do so using this link.

Hawaiian Electric Industries Stock Down 4.5 %

Shares of NYSE HE opened at $10.37 on Friday. Hawaiian Electric Industries has a one year low of $7.61 and a one year high of $18.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18. The firm’s 50 day simple moving average is $9.54 and its two-hundred day simple moving average is $10.69. The stock has a market capitalization of $1.79 billion, a P/E ratio of -0.88 and a beta of 0.53.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Barclays started coverage on shares of Hawaiian Electric Industries in a report on Thursday, February 6th. They issued an “equal weight” rating and a $10.00 price target on the stock. StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. Jefferies Financial Group lowered their price objective 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. Finally, Evercore ISI lowered their price target on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, Hawaiian Electric Industries has a consensus rating of “Hold” and a consensus target price of $10.50.

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.