Brokers Set Expectations for Hawaiian Holdings, Inc.’s Q1 2024 Earnings (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) – Equities researchers at Seaport Res Ptn reduced their Q1 2024 earnings per share estimates for Hawaiian in a note issued to investors on Monday, April 8th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will earn ($2.70) per share for the quarter, down from their previous forecast of ($2.10). The consensus estimate for Hawaiian’s current full-year earnings is ($3.32) per share. Seaport Res Ptn also issued estimates for Hawaiian’s Q2 2024 earnings at ($0.60) EPS, Q3 2024 earnings at ($0.25) EPS, Q4 2024 earnings at ($0.35) EPS and FY2024 earnings at ($3.90) EPS.

Hawaiian Price Performance

Hawaiian stock opened at $13.07 on Thursday. Hawaiian has a 12 month low of $3.70 and a 12 month high of $14.89. The stock’s 50 day moving average is $13.75 and its 200-day moving average is $10.69. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 16.74. The company has a market capitalization of $677.67 million, a price-to-earnings ratio of -2.59 and a beta of 2.39.

Hawaiian (NASDAQ:HA) last posted its earnings results on Tuesday, January 30th. The transportation company reported ($2.37) EPS for the quarter, missing the consensus estimate of ($2.35) by ($0.02). Hawaiian had a negative net margin of 9.59% and a negative return on equity of 171.49%. The firm had revenue of $669.07 million during the quarter, compared to analyst estimates of $668.97 million. During the same period in the previous year, the company posted ($0.49) EPS. Hawaiian’s revenue for the quarter was down 8.5% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HA. Par Capital Management Inc. bought a new position in shares of Hawaiian in the 4th quarter valued at $21,584,000. Alpine Associates Management Inc. bought a new position in Hawaiian during the 4th quarter worth $14,964,000. Third Avenue Management LLC raised its position in shares of Hawaiian by 141.0% in the 1st quarter. Third Avenue Management LLC now owns 1,556,133 shares of the transportation company’s stock worth $14,254,000 after acquiring an additional 910,431 shares in the last quarter. Millennium Management LLC raised its position in shares of Hawaiian by 933.7% in the 2nd quarter. Millennium Management LLC now owns 663,758 shares of the transportation company’s stock worth $9,498,000 after acquiring an additional 743,371 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Hawaiian by 8.0% in the 1st quarter. BlackRock Inc. now owns 9,356,013 shares of the transportation company’s stock worth $85,701,000 after acquiring an additional 692,526 shares in the last quarter. 70.15% of the stock is currently owned by institutional investors.

Hawaiian Company Profile

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. It provides daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Ontario, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; New York City, New York; Austin, Texas; and Boston, Massachusetts.