Hawaiian Electric Industries (HE) Releases Earnings Results, Beats Estimates By $0.02 EPS

Hawaiian Electric Industries (NYSE:HE) posted its earnings results on Wednesday. The utilities provider reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02, Bloomberg Earnings reports. Hawaiian Electric Industries had a return on equity of 8.64% and a net margin of 7.14%. The company had revenue of $658.60 million for the quarter, compared to analyst estimates of $547.89 million. During the same quarter last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis.

Shares of Hawaiian Electric Industries (NYSE:HE) opened at $32.62 on Thursday. The company has a market capitalization of $3,550.00, a price-to-earnings ratio of 20.01, a P/E/G ratio of 3.51 and a beta of 0.37. Hawaiian Electric Industries has a fifty-two week low of $31.71 and a fifty-two week high of $38.72. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.77.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Thursday, February 22nd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.24 dividend on an annualized basis and a yield of 3.80%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is currently 76.07%.

A number of brokerages recently commented on HE. Zacks Investment Research upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Tuesday, November 28th. Bank of America began coverage on Hawaiian Electric Industries in a report on Tuesday, October 24th. They set an “underperform” rating and a $34.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Hawaiian Electric Industries from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Finally, UBS Group began coverage on Hawaiian Electric Industries in a report on Friday, February 2nd. They set a “sell” rating and a $29.00 price target on the stock. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and a consensus target price of $31.00.

COPYRIGHT VIOLATION WARNING: “Hawaiian Electric Industries (HE) Releases Earnings Results, Beats Estimates By $0.02 EPS” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2018/02/14/hawaiian-electric-industries-he-posts-earnings-results-beats-expectations-by-0-03-eps.html.

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)

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

Leave a Reply