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

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

Hawaiian Electric Industries Trading Down 1.9 %

Shares of NYSE:HE traded down $0.21 on Friday, hitting $10.77. 2,835,365 shares of the company’s stock were exchanged, compared to its average volume of 3,156,697. The business’s 50 day simple moving average is $9.55 and its two-hundred day simple moving average is $10.48. 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 stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -0.91 and a beta of 0.53. Hawaiian Electric Industries has a 12 month low of $7.61 and a 12 month high of $18.19.

Analysts Set New Price Targets

Several research firms have recently weighed in on HE. StockNews.com downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. Jefferies Financial Group cut their price objective on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating on the stock in a research report on Friday, January 3rd. Evercore ISI lowered their target price on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a report on Tuesday, November 19th. Finally, 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 target on the stock. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, Hawaiian Electric Industries currently has a consensus rating of “Hold” and a consensus target price 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.