Hawaiian Electric Industries (HE) Posts Quarterly Earnings, Beats Estimates By $0.03 EPS
Hawaiian Electric Industries (NYSE:HE) posted its quarterly earnings results on Monday. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.03, StockRatingsNetwork.com reports.
Hawaiian Electric Industries (NYSE:HE) opened at 23.63 on Monday. Hawaiian Electric Industries has a 52 week low of $22.71 and a 52 week high of $27.15. The stock’s 50-day moving average is $24.49 and its 200-day moving average is $24.72. The company has a market cap of $2.398 billion and a price-to-earnings ratio of 13.67.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend is Wednesday, August 20th.
A number of research firms have recently commented on HE. Analysts at Zacks reiterated a “neutral” rating on shares of Hawaiian Electric Industries in a research note on Monday, August 4th. They now have a $25.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. set a $23.00 price target on shares of Hawaiian Electric Industries in a research note on Wednesday, July 9th. They now have a “neutral” rating on the stock. Finally, analysts at TheStreet upgraded shares of Hawaiian Electric Industries to a “buy” rating in a research note on Friday, June 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $25.13.
Hawaiian Electric Industries, Inc (NYSE:HE) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.