The closing price of Hawaiian Electric Industries, Inc. (NYSE: HE) was $11.62 for the day, up 1.57% from the previous closing price of $11.44. In other words, the price has increased by $+0.18 from its previous closing price. On the day, 2649056 shares were traded.
Ratios:
Our analysis of HE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.41. For the most recent quarter (mrq), Quick Ratio is recorded 4.26 and its Current Ratio is at 4.26. In the meantime, Its Debt-to-Equity ratio is 1.70 whereas as Long-Term Debt/Eq ratio is at 1.70.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on November 10, 2023, Downgraded its rating to Underweight and sets its target price to $8.50 from $8 previously.
On August 18, 2023, Wells Fargo Upgraded its rating to Equal Weight which previously was Underweight and also lowered its target price recommendation from $25 to $8.
BofA Securities Downgraded its Neutral to Underperform on August 18, 2022, while the target price for the stock was maintained at $43.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 08 when RUSSELL KEITH P sold 10,000 shares for $39.21 per share. The transaction valued at 392,120 led to the insider holds 23,447 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HE now has a Market Capitalization of 1.28B and an Enterprise Value of 3.50B. As of this moment, Hawaiian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.41, and their Forward P/E ratio for the next fiscal year is 5.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at 0.95 whereas that against EBITDA is 5.50.
Stock Price History:
Over the past 52 weeks, HE has reached a high of $40.16, while it has fallen to a 52-week low of $9.06. The 50-Day Moving Average of the stock is 13.42, while the 200-Day Moving Average is calculated to be 20.31.
Shares Statistics:
HE traded an average of 2.46M shares per day over the past three months and 2.4M shares per day over the past ten days. A total of 110.15M shares are outstanding, with a floating share count of 109.74M. Insiders hold about 0.38% of the company’s shares, while institutions hold 60.12% stake in the company. Shares short for HE as of Feb 15, 2024 were 15.13M with a Short Ratio of 6.14, compared to 14.78M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.74% and a Short% of Float of 15.56%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.08, HE has a forward annual dividend rate of 0.72. The stock’s 5-year Average Dividend Yield is 4.14. The current Payout Ratio is 63.73% for HE, which recently paid a dividend on Sep 08, 2023 with an ex-dividend date of Aug 17, 2023. Stock splits for the company last occurred on Jun 14, 2004 when the company split stock in a 2:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 1 analysts. On average, analysts expect EPS of $0.54 for the current quarter, with a high estimate of $0.54 and a low estimate of $0.54, while EPS last year was $0.5. The consensus estimate for the next quarter is $0.54, with high estimates of $0.54 and low estimates of $0.54.
Analysts are recommending an EPS of between $2.2 and $2 for the fiscal current year, implying an average EPS of $2.1. EPS for the following year is $2.21, with 2 analysts recommending between $2.32 and $2.1.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $944.14M to a low estimate of $944.14M. As of the current estimate, Hawaiian Electric Industries, Inc.’s year-ago sales were $928.24M, an estimated increase of 1.70% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $783.67M, a decrease of -7.30% less than the figure of $1.70% in the same quarter last year. There is a high estimate of $783.67M for the next quarter, whereas the lowest estimate is $783.67M.
A total of 1 analysts have provided revenue estimates for HE’s current fiscal year. The highest revenue estimate was $3.88B, while the lowest revenue estimate was $3.88B, resulting in an average revenue estimate of $3.88B. In the same quarter a year ago, actual revenue was $3.68B, up 5.50% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $3.93B in the next fiscal year. The high estimate is $3.93B and the low estimate is $3.93B. The average revenue growth estimate for next year is up 1.20% from the average revenue estimate for this year.
