Hawaiian Holdings, Inc. (HA) Announces $0.12 Special Dividend
Hawaiian Holdings, Inc. (NASDAQ:HA) announced a special dividend on Thursday, October 12th, Wall Street Journal reports. Shareholders of record on Friday, November 17th will be paid a dividend of 0.12 per share by the transportation company on Thursday, November 30th. The ex-dividend date of this dividend is Thursday, November 16th.
Shares of Hawaiian Holdings (NASDAQ:HA) opened at 39.00 on Friday. The stock has a market capitalization of $2.09 billion, a PE ratio of 9.49 and a beta of 1.41. The firm’s 50-day moving average is $39.99 and its 200-day moving average is $46.22. Hawaiian Holdings has a one year low of $36.20 and a one year high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The company had revenue of $675.33 million during the quarter, compared to analyst estimates of $676.59 million. During the same period last year, the firm posted $1.21 EPS. Hawaiian Holdings’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, analysts expect that Hawaiian Holdings will post $5.58 earnings per share for the current fiscal year.
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In related news, EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the sale, the executive vice president now owns 197,411 shares of the company’s stock, valued at approximately $7,896,440. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 3,000 shares of company stock valued at $122,430. 2.30% of the stock is owned by insiders.
Several equities analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $41.00 target price (up from $40.00) on shares of Hawaiian Holdings in a report on Monday, July 10th. BidaskClub lowered shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Bank of America Corporation cut their target price on shares of Hawaiian Holdings from $47.00 to $43.00 and set an “underperform” rating for the company in a report on Friday, June 30th. ValuEngine lowered shares of Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Finally, Cowen and Company cut their target price on shares of Hawaiian Holdings from $50.00 to $47.00 and set a “market perform” rating for the company in a report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.33.
About Hawaiian Holdings
Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands (the Neighbor Island routes), between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as its Scheduled Operations.
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