Hawaiian Electric Industries, Inc. (NYSE:HE) posted its earnings results on Thursday. The utilities provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02), Bloomberg Earnings reports. Hawaiian Electric Industries had a net margin of 7.14% and a return on equity of 8.67%. The business had revenue of $673.19 million during the quarter, compared to analysts’ expectations of $648.93 million. During the same period last year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year.

Hawaiian Electric Industries (NYSE:HE) traded up $0.15 during trading hours on Friday, hitting $36.46. The stock had a trading volume of 624,248 shares, compared to its average volume of 367,772. The firm has a market capitalization of $3,966.34, a P/E ratio of 22.37, a P/E/G ratio of 5.26 and a beta of 0.49. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.24 annualized dividend and a dividend yield of 3.40%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is 76.07%.

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A number of research analysts recently weighed in on HE shares. J P Morgan Chase & Co raised their target price on shares of Hawaiian Electric Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. BidaskClub downgraded Hawaiian Electric Industries from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, Bank of America Corporation began coverage on Hawaiian Electric Industries in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $34.00 price target for the company. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock presently has an average rating of “Sell” and a consensus target price of $32.33.

Hawaiian Electric Industries Company Profile

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).

Earnings History for Hawaiian Electric Industries (NYSE:HE)

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