Hawaiian Electric Industries (NYSE:HE - Get Free Report) released its quarterly earnings data on Friday. The utilities provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07), Briefing.com reports. Hawaiian Electric Industries had a negative net margin of 31.76% and a positive return on equity of 10.69%. The company had revenue of $983.38 million during the quarter. During the same quarter in the prior year, the company posted $0.37 EPS. Hawaiian Electric Industries's revenue was up 9.0% on a year-over-year basis.
Hawaiian Electric Industries Stock Up 0.6 %
NYSE HE traded up $0.06 during mid-day trading on Friday, hitting $10.64. The company's stock had a trading volume of 4,202,736 shares, compared to its average volume of 2,929,057. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 2.62. The company's 50 day simple moving average is $10.44 and its 200 day simple moving average is $11.15. Hawaiian Electric Industries has a twelve month low of $7.61 and a twelve month high of $18.19. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -1.01 and a beta of 0.53.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on HE. StockNews.com downgraded shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Friday, October 4th. Evercore ISI dropped their price target on Hawaiian Electric Industries from $16.00 to $9.00 and set an "in-line" rating for the company in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company reduced their price objective on Hawaiian Electric Industries from $14.00 to $11.50 and set an "equal weight" rating on the stock in a research report on Monday, September 30th.
Read Our Latest Research Report on Hawaiian Electric Industries
About Hawaiian Electric Industries
(
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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.
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