Equities research analysts predict that Hawaiian Electric Industries, Inc. (NYSE:HE) will report earnings per share of $0.57 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Hawaiian Electric Industries’ earnings. Hawaiian Electric Industries posted earnings per share of $0.58 during the same quarter last year, which would suggest a negative year over year growth rate of 1.7%. The business is scheduled to announce its next quarterly earnings report on Friday, November 3rd.

On average, analysts expect that Hawaiian Electric Industries will report full year earnings of $1.65 per share for the current financial year, with EPS estimates ranging from $1.64 to $1.65. For the next year, analysts forecast that the business will post earnings of $1.80 per share, with EPS estimates ranging from $1.75 to $1.86. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Hawaiian Electric Industries.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.03. Hawaiian Electric Industries had a net margin of 9.91% and a return on equity of 8.83%. The firm had revenue of $556.90 million for the quarter, compared to the consensus estimate of $568 million. During the same period in the previous year, the company posted $0.43 earnings per share. Hawaiian Electric Industries’s quarterly revenue was up 12.4% on a year-over-year basis.

Several equities research analysts recently issued reports on the company. BidaskClub upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th.

TRADEMARK VIOLATION WARNING: “Hawaiian Electric Industries, Inc. (HE) Expected to Post Earnings of $0.57 Per Share” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/09/09/hawaiian-electric-industries-inc-he-expected-to-post-earnings-of-0-57-per-share.html.

Shares of Hawaiian Electric Industries (NYSE:HE) traded up 1.58% during trading on Friday, reaching $34.13. The company had a trading volume of 541,822 shares. Hawaiian Electric Industries has a 52 week low of $28.31 and a 52 week high of $34.13. The company has a market capitalization of $3.71 billion, a PE ratio of 15.20 and a beta of 0.47. The stock’s 50-day moving average price is $33.19 and its 200-day moving average price is $33.11.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Monday, August 21st. Hawaiian Electric Industries’s dividend payout ratio is currently 55.11%.

Several institutional investors have recently modified their holdings of HE. Teachers Advisors LLC boosted its holdings in shares of Hawaiian Electric Industries by 4.6% during the 4th quarter. Teachers Advisors LLC now owns 118,518 shares of the utilities provider’s stock worth $3,919,000 after purchasing an additional 5,258 shares during the last quarter. Capstone Asset Management Co. boosted its holdings in shares of Hawaiian Electric Industries by 0.8% during the 1st quarter. Capstone Asset Management Co. now owns 10,215 shares of the utilities provider’s stock worth $340,000 after purchasing an additional 80 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Hawaiian Electric Industries by 0.9% during the 1st quarter. Nationwide Fund Advisors now owns 181,561 shares of the utilities provider’s stock worth $6,048,000 after purchasing an additional 1,631 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Hawaiian Electric Industries by 108.1% during the 1st quarter. Acadian Asset Management LLC now owns 46,484 shares of the utilities provider’s stock worth $1,548,000 after purchasing an additional 24,142 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Hawaiian Electric Industries by 3.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,955 shares of the utilities provider’s stock worth $598,000 after purchasing an additional 595 shares during the last quarter. Institutional investors and hedge funds own 48.60% of the company’s stock.

About Hawaiian Electric Industries

Hawaiian Electric Industries, Inc is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company’s subsidiaries include Hawaiian Electric Company, Inc (Hawaiian Electric) and ASB Hawaii, Inc (ASB Hawaii).

Get a free copy of the Zacks research report on Hawaiian Electric Industries (HE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hawaiian Electric Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Electric Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.