For its second fiscal quarter (ending June 30), Hawaiian Electric Industries Inc (NYSE: HE) has reported E.P.S. of $-11.74 compared to $0.50 a year ago. For the latest four quarters through June 30, E.P.S. were $-10.56 versus $2.09 for the same period a year ago.
Recent Price Action
Hawaiian Electric Industries Inc (NYSE: HE) stock declined by -3.0% on 8/9/24. The shares closed at $15.50. However, trading volume in this decline was exceptionally low at 45% of normal. The stock has been weak relative to the market over the last nine months and has declined -7.2% 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Hawaiian Electric Industries has a very high Appreciation Score of 90 but a poor Power Rating of 22, triggering the 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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