TSC Ratings' Updates: Hawaiian Electric Industries

The return on equity has improved slightly when compared with the same quarter one year prior. This can be construed as a modest strength in the organization. When compared with other companies in the electric utilities industry and the overall market, HE's return on equity is below that of both the industry average and the S&P 500.

The gross profit margin for HE is currently extremely low, coming in at 13.00%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 0.70% trails that of the industry average.

HE had been rated a hold since August 5, 2008.

Under Armour(UA Quote) has been upgraded from sell to hold. Under Armour, designs, develops, markets and distributes performance apparel, footwear, and accessories for men, women, and youth primarily in the U.S and Canada. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and premium valuation.

Despite its growing revenue, the company underperformed as compared with the industry average of 31.1%. Since the same quarter one year prior, revenue rose by 30.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.