For its first fiscal quarter (ending March 31), Hawaiian Electric Industries Inc (NYSE: HE) has reported a -24% decline in E.P.S. from $0.50 a year ago to $0.38 in the current quarter. E.P.S. were $1.69 for the latest four quarters through March 31 versus $2.07 for the same period a year ago — a decline of -18%.
Recent Price Action
Hawaiian Electric Industries Inc (NYSE: HE) stock declined by -2.4% on 5/10/24. The shares closed at $9.99. Moreover, trading volume in this decline was above average at 121% of normal. The stock has been weak relative to the market over the last nine months and has declined -1.5% during the last week.
Current PriceTarget Research Rating
HE is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Hawaiian Electric Industries has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Hawaiian Electric Industries has a very high Appreciation Score of 96 but a poor Power Rating of 21, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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