Hawaiian Electric Industries (NYSE:HE) Announces Earnings Results

Hawaiian Electric Industries (NYSE:HE) posted its quarterly earnings results on Friday. The utilities provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04, FiscalAI reports. Hawaiian Electric Industries had a return on equity of 7.90% and a net margin of 6.89%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $939.04 million.

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 traded up $0.01 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 market cap of $1.46 billion, a PE ratio of 6.50 and a beta of 0.50. Hawaiian Electric Industries has a 12-month low of $8.15 and a 12-month high of $17.38. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.57. The business’s fifty day simple moving average is $9.31 and its 200 day simple moving average is $12.98.

Trending Headlines about Hawaiian Electric Industries

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

• Positive Sentiment: HE reported adjusted EPS of $0.13, ahead of the $0.09 FactSet consensus, and revenue of $1.01 billion, above expectations of about $939 million. The earnings and revenue beats may support investor sentiment. Q3 revenue report Adjusted EPS report
• Neutral Sentiment: Coverage also noted that quarterly profit rose. A separate valuation article highlighted a 7% fair-value gap, though the headline alone does not establish whether that implies upside or downside. Q3 profit report Fair-value analysis
• Negative Sentiment: One report said non-GAAP earnings fell year over year even as revenue increased, suggesting the headline beat may not reflect broad-based earnings improvement. Non-GAAP earnings report

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HE shares. LADENBURG THALM/SH SH began coverage on Hawaiian Electric Industries in a research note on Tuesday, September 8th. They issued a “sell” rating and a $7.00 price objective for the company. Jefferies Financial Group decreased their target price on Hawaiian Electric Industries from $8.75 to $7.00 and set an “underperform” rating on the stock in a research note on Tuesday, October 6th. Zacks Research raised Hawaiian Electric Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Barclays lowered their price target on 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. Finally, Weiss Ratings downgraded Hawaiian Electric Industries from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, October 14th. Two analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Hawaiian Electric Industries has an average rating of “Strong Sell” and a consensus price target of $7.67.

About Hawaiian Electric Industries

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.