Hawaiian Electric Industries (HE) to Release Earnings on Tuesday

Hawaiian Electric Industries (NYSE:HE - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $917.15 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.07). Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The firm had revenue of $983.38 million during the quarter. During the same quarter last year, the business earned $0.37 earnings per share. Hawaiian Electric Industries's revenue was up 9.0% compared to the same quarter last year. On average, analysts expect Hawaiian Electric Industries to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hawaiian Electric Industries Price Performance

NYSE HE traded down $0.15 on Friday, hitting $9.34. 1,527,426 shares of the company's stock were exchanged, compared to its average volume of 2,703,888. Hawaiian Electric Industries has a 52 week low of $7.61 and a 52 week high of $18.19. The stock has a 50-day moving average of $9.55 and a 200-day moving average of $10.90. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -0.79 and a beta of 0.53.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HE. Evercore ISI reduced their price objective on 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. StockNews.com downgraded shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Wednesday, January 29th. Barclays began coverage on shares of Hawaiian Electric Industries in a research report on Thursday. They set an "equal weight" rating and a $10.00 price objective for the company. Finally, Jefferies Financial Group cut 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 report on Friday, January 3rd. One investment 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 currently has a consensus rating of "Hold" and an average 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.