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%.
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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).
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