Hawaiian Electric Industries (NYSE:HE) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 7th. Analysts expect Hawaiian Electric Industries to post earnings of $0.62 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings data on Friday, August 3rd. The utilities provider reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $685.28 million for the quarter, compared to analyst estimates of $637.52 million. Hawaiian Electric Industries had a return on equity of 9.28% and a net margin of 6.78%. On average, analysts expect Hawaiian Electric Industries to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
HE opened at $37.40 on Tuesday. The firm has a market cap of $4.02 billion, a PE ratio of 20.86, a P/E/G ratio of 3.03 and a beta of 0.16. Hawaiian Electric Industries has a 52-week low of $31.72 and a 52-week high of $38.72. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.85.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 11th. Stockholders of record on Wednesday, November 21st will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, November 20th. Hawaiian Electric Industries’s dividend payout ratio (DPR) is currently 75.15%.
Several research firms have recently issued reports on HE. Wells Fargo & Co increased their target price on Hawaiian Electric Industries from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Zacks Investment Research lowered Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $34.00.
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About Hawaiian Electric Industries
Hawaiian Electric Industries, Inc, through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The company's Electric Utility segment is involved in generating, purchasing, transmitting, distributing, and selling electric energy. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, sugarcane waste, municipal waste, and other bio fuels.
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