Media stories about Hawaiian Electric Industries (NYSE:HE) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hawaiian Electric Industries earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 45.7563982858804 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Hawaiian Electric Industries (HE) opened at $34.98 on Friday. 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 has a market capitalization of $3,810.00, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 4.66 and a beta of 0.50. Hawaiian Electric Industries has a 1 year low of $31.71 and a 1 year high of $38.72.
Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). The firm had revenue of $673.19 million for the quarter, compared to the consensus estimate of $648.93 million. Hawaiian Electric Industries had a net margin of 7.14% and a return on equity of 8.64%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.58 earnings per share. equities research analysts predict that Hawaiian Electric Industries will post 1.64 earnings per share for the current year.
HE has been the subject of a number of research analyst reports. Bank of America initiated coverage on Hawaiian Electric Industries in a research note on Tuesday, October 24th. They set an “underperform” rating and a $34.00 price target for the company. Zacks Investment Research lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on Hawaiian Electric Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Hawaiian Electric Industries has an average rating of “Sell” and a consensus price target of $32.33.
In other Hawaiian Electric Industries news, Director Thomas B. Fargo sold 5,500 shares of Hawaiian Electric Industries stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $36.46, for a total transaction of $200,530.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% 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).
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