Hawaiian Electric Industries (NYSE:HE) Issues Quarterly Earnings Results

Hawaiian Electric Industries (NYSE:HE) issued its quarterly earnings results on Friday. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04, FiscalAI reports. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $939.04 million. Hawaiian Electric Industries had a return on equity of 7.90% and a net margin of 6.89%.

Here are the key takeaways from Hawaiian Electric Industries’ conference call:

• Core earnings declined: Third-quarter core EPS fell to $0.13 from $0.19 a year earlier, primarily due to higher utility O&M, including $13.7 million in estimated storm costs. HEI has requested deferral of qualifying storm expenses, but deferral would not guarantee eventual recovery.
• Liquidity and settlement funding remain strong: HEI reported $1.3 billion in total liquidity and expects proceeds from its remaining American Savings Bank stake and insurance to reduce the April 2027 wildfire settlement payment to below $300 million; it plans to finance the balance with debt or convertible debt.
• HEI is seeking a 5.3% base-rate increase phased in over two years; under the company’s illustrative scenario, a mid-to-late April 2027 decision could provide $83 million of additional revenue that year. Timing and approval remain uncertain, and proposed performance incentives could add to or reduce returns.
• The company said crews restored power to more than 95% of customers affected by Hurricane Lala within three days, and that resilience work helped reduce damage during severe weather. Customer satisfaction remained in the 86th percentile among more than 100 utilities surveyed.

Hawaiian Electric Industries Trading Up 0.1%

HE stock traded up $0.01 during midday trading on Friday, hitting $8.45. The company had a trading volume of 4,141,228 shares, compared to its average volume of 3,513,995. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.57. Hawaiian Electric Industries has a 52 week low of $8.15 and a 52 week high of $17.38. The stock’s 50 day moving average price is $9.31 and its 200 day moving average price is $12.98. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 6.50 and a beta of 0.50.

More Hawaiian Electric Industries News

Here are the key news stories impacting Hawaiian Electric Industries this week:

• Positive Sentiment: Q3 adjusted EPS was $0.13, above the $0.09 consensus estimate, and revenue of $1.01 billion topped the $939 million forecast. Quarterly earnings report
• Positive Sentiment: A valuation analysis cited a 7% fair-value gap based on stronger earnings, suggesting potential upside under its assumptions; this is an estimate, not a company forecast. Fair value analysis
• Neutral Sentiment: Peter Ho, former Bank of Hawaii chief executive, was appointed to the boards of Hawaiian Electric and HEI. His leadership experience could add board expertise, though the report did not describe an immediate financial impact. Board appointments
• Negative Sentiment: Despite rising revenue and a reported increase in quarterly profit, a separate earnings report said non-GAAP earnings fell, pointing to mixed underlying performance. Non-GAAP earnings report

Wall Street Analysts Forecast Growth

HE has been the topic of several recent research reports. Barclays reduced their target price on shares of Hawaiian Electric Industries from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 30th. Jefferies Financial Group lowered their price target on shares of Hawaiian Electric Industries from $8.75 to $7.00 and set an “underperform” rating for the company in a research note on Tuesday, October 6th. LADENBURG THALM/SH SH began coverage on shares of Hawaiian Electric Industries in a research note on Tuesday, September 8th. They issued a “sell” rating and a $7.00 price target for the company. Zacks Research upgraded shares of Hawaiian Electric Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Finally, Weiss Ratings cut Hawaiian Electric Industries from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, October 14th. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Sell” and an average target price of $7.67.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc (NYSE: HE) is a Hawaii-based holding company whose principal business is providing electric utility service across the state. Through its regulated utility subsidiaries—Hawaiian Electric Company, Maui Electric Company and Hawaii Electric Light—the company generates, purchases, transmits, distributes and sells electricity to residential, commercial and industrial customers on the islands of Oahu, Maui, Molokai, Lanai and Hawaii.

The utility uses a combination of renewable and conventional energy resources and supports Hawaii’s transition toward a cleaner electric system.