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

Hawaiian Electric Industries (NYSE:HE - Get Free Report) released its quarterly earnings data on Friday. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.19), Zacks reports. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The business had revenue of $799.18 million for the quarter.

Hawaiian Electric Industries Stock Down 1.8 %

Shares of NYSE HE traded down $0.20 during midday trading on Tuesday, reaching $10.81. 3,154,486 shares of the company's stock were exchanged, compared to its average volume of 3,223,131. The stock has a market capitalization of $1.86 billion, a PE ratio of -0.91 and a beta of 0.53. Hawaiian Electric Industries has a 52-week low of $7.61 and a 52-week high of $18.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. The business's fifty day moving average price is $9.58 and its two-hundred day moving average price is $10.33.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HE. Barclays initiated coverage on shares of Hawaiian Electric Industries in a research report on Thursday, February 6th. They set an "equal weight" rating and a $10.00 price target for the company. Jefferies Financial Group decreased their target price 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. Evercore ISI dropped their target price on Hawaiian Electric Industries from $11.00 to $10.00 and set an "in-line" rating on the stock in a report on Tuesday, November 19th. Finally, StockNews.com downgraded shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the company has an average 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.