Key Highlights:
- Hawaiian Electric's earnings per share aligned with expectations at $0.23.
- Revenue saw a 6.1% decline compared to the previous year.
- Analysts predict an average stock price growth of 15.59% over the next year.
Hawaiian Electric Industries Inc. (HE, Financial) recently announced its first-quarter earnings results. The non-GAAP earnings per share stood at $0.23, aligning perfectly with market expectations. The company reported a revenue total of $744.07 million, reflecting a 6.1% decrease from the same period last year. The board also declared a $10 million dividend for the first quarter of 2025, signaling stability despite revenue challenges.
Wall Street Analysts Forecast
Honing in on insights from four financial analysts, the average one-year price target for Hawaiian Electric Industries Inc. (HE, Financial) is set at $12.13. This sentiment ranges broadly, with estimates spanning from a high of $14.00 to a low of $11.00. Should these projections hold true, investors could witness an average upside potential of 15.59% from the current trading price of $10.49. For a more nuanced look at forecasts, visit the Hawaiian Electric Industries Inc (HE) Forecast page.
In terms of market consensus, 4 brokerage firms currently rate Hawaiian Electric Industries Inc. (HE, Financial) with an average score of 2.8. On the scale, where 1 suggests a Strong Buy and 5 a Sell, this recommendation translates to a "Hold" position.
Examining the GF Value calculated by GuruFocus, Hawaiian Electric Industries Inc. (HE, Financial) is estimated to reach a value of $13.28 in a year. This estimation presents a potential upside of 26.6% from its current price of $10.49. The GF Value represents an approximation of the stock's fair market value and considers historical multiples, past business growth, and future performance estimates. Investors keen on detailed data can explore more on the Hawaiian Electric Industries Inc (HE) Summary page.
