Hawaiian Electric Industries (HE) to Release Earnings on Tuesday

Hawaiian Electric Industries (NYSE:HE - Get Free Report) will likely be issuing 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 participating in the company's earnings conference call can do so using this link.

Hawaiian Electric Industries Stock Up 7.2 %

Shares of Hawaiian Electric Industries stock traded up $0.73 during midday trading on Wednesday, hitting $10.82. The company's stock had a trading volume of 6,381,587 shares, compared to its average volume of 3,082,812. Hawaiian Electric Industries has a 1-year low of $7.61 and a 1-year 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. The firm has a market capitalization of $1.87 billion, a P/E ratio of -0.91 and a beta of 0.53. The stock has a 50-day simple moving average of $9.52 and a 200-day simple moving average of $10.69.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Evercore ISI lowered their target price 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. Barclays assumed 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 for the company. Jefferies Financial Group dropped 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 note on Friday, January 3rd. Finally, StockNews.com lowered shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Tuesday. One 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, the company presently has a consensus 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.