Zacks: Brokerages Expect Hawaiian Holdings, Inc. (HA) Will Post Earnings of $1.02 Per Share
Brokerages expect Hawaiian Holdings, Inc. (NASDAQ:HA) to announce earnings of $1.02 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Hawaiian Holdings’ earnings, with the lowest EPS estimate coming in at $0.97 and the highest estimate coming in at $1.05. Hawaiian Holdings reported earnings of $1.28 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 20.3%. The company is scheduled to announce its next quarterly earnings results on Tuesday, January 23rd.
According to Zacks, analysts expect that Hawaiian Holdings will report full year earnings of $5.51 per share for the current year, with EPS estimates ranging from $5.22 to $5.59. For the next fiscal year, analysts expect that the firm will post earnings of $4.34 per share, with EPS estimates ranging from $3.70 to $5.50. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Hawaiian Holdings.
Hawaiian Holdings (NASDAQ:HA) last announced its earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.07. Hawaiian Holdings had a net margin of 7.67% and a return on equity of 41.49%. The company had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. During the same period in the previous year, the firm posted $1.91 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis.
A number of research analysts recently issued reports on the stock. ValuEngine cut shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Citigroup Inc. decreased their price objective on shares of Hawaiian Holdings from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, October 20th. Macquarie assumed coverage on shares of Hawaiian Holdings in a report on Monday, September 25th. They set an “outperform” rating and a $49.00 price objective for the company. BidaskClub cut shares of Hawaiian Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Stifel Nicolaus upgraded shares of Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 price objective for the company in a report on Tuesday, July 25th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Hawaiian Holdings presently has a consensus rating of “Hold” and an average price target of $47.58.
In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the executive vice president now directly owns 197,411 shares of the company’s stock, valued at $7,896,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 3,000 shares of company stock worth $122,430 over the last ninety days. Insiders own 2.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Alps Advisors Inc. raised its position in shares of Hawaiian Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,976 shares of the transportation company’s stock valued at $468,000 after purchasing an additional 26 shares during the period. Renaissance Group LLC grew its stake in shares of Hawaiian Holdings by 0.9% in the second quarter. Renaissance Group LLC now owns 6,322 shares of the transportation company’s stock valued at $297,000 after acquiring an additional 59 shares in the last quarter. Pinebridge Investments L.P. grew its stake in shares of Hawaiian Holdings by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 7,066 shares of the transportation company’s stock valued at $331,000 after acquiring an additional 95 shares in the last quarter. Suntrust Banks Inc. grew its stake in shares of Hawaiian Holdings by 1.1% in the second quarter. Suntrust Banks Inc. now owns 9,507 shares of the transportation company’s stock valued at $446,000 after acquiring an additional 102 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Hawaiian Holdings by 0.3% in the first quarter. Public Employees Retirement System of Ohio now owns 45,864 shares of the transportation company’s stock valued at $2,130,000 after acquiring an additional 138 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors.
Shares of Hawaiian Holdings (NASDAQ HA) traded down $0.30 during trading hours on Tuesday, hitting $33.20. 1,070,986 shares of the stock traded hands, compared to its average volume of 1,510,000. Hawaiian Holdings has a 12 month low of $32.50 and a 12 month high of $60.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $1,740.00, a PE ratio of 5.76, a price-to-earnings-growth ratio of 2.69 and a beta of 1.42.
The firm also recently disclosed a special dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be given a $0.12 dividend. The ex-dividend date is Thursday, November 16th.
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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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