Hawaiian Electric Industries (NYSE:HE – Get Free Report) announced its quarterly earnings results on Friday. The utilities provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19), Zacks reports. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%.
Hawaiian Electric Industries Stock Down 1.9 %
Hawaiian Electric Industries stock opened at $10.77 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. Hawaiian Electric Industries has a one year low of $7.61 and a one year high of $18.19. The business’s fifty day moving average is $9.55 and its 200 day moving average is $10.48.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on HE shares. Evercore ISI reduced their target price on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 19th. StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. Barclays began coverage on Hawaiian Electric Industries in a report on Thursday, February 6th. They issued an “equal weight” rating and a $10.00 target price on the stock. Finally, Jefferies Financial Group dropped their target price on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating on the stock in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.50.
About Hawaiian Electric Industries
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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