Hawaiian Electric Industries, Inc. (NYSE:HE) is reporting third quarter financial results on Friday 6th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, HE is expected to report 3Q20 income of $ 0.51 per share from revenue of $ 785.04 million.
For the full year, analysts anticipate top line of $ 2867.55 million, while looking forward to income of $ 1.70 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.90 ~ $ 2.10 per share
Click Here For More Historical Outlooks Of Hawaiian Electric Industries, Inc.
Previous Quarter Performance
Hawaiian Electric Industries, Inc. revealed income for the second quarter of $ 0.45 per share, from the revenue of $ 608.95 million. The quarterly earnings up 15.38 percent while revenues contracted 14.89 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.37 per share from $ 639.66 million in revenue. The bottom line results beat street analysts by $ 0.08 or 21.62 percent, at the same time, top line results fell short of analysts by $ 30.71 million or 4.8 percent.
Stock Performance
Shares of Hawaiian Electric Industries, Inc. traded low $ -0.44 or -1.31 percent on Thursday, reaching $ 33.05 with volume of 300.50 thousand shares. Hawaiian Electric Industries, Inc. has traded high as $ 33.88 and has cracked $ 33.05 on the downward trend
According to the previous trading day, closing price of $ 33.05, representing a 5.22 % increase from the 52 week low of $ 31.83 and a 39.27 % decrease over the 52 week high of $ 55.15.
The company has a market capital of $ 3.61 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.33 per share on August 5, 2020. The dividend were payable on September 10, 2020 to holders of record as of the close of business on August 21, 2020 and ex-dividend date on August 20, 2020.
Conference Call
Hawaiian Electric Industries, Inc. will be hosting a conference call at 11:15 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hei.com
Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The companys Electric Utility segment is involved in generating, purchasing, transmitting, distributing, and selling electric energy. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other bio fuels.
