Hawaiian (HA) to Release Earnings on Tuesday

Hawaiian (NASDAQ:HA) is scheduled to post its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect Hawaiian to post earnings of ($2.33) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($2.37) earnings per share for the quarter, missing the consensus estimate of ($2.35) by ($0.02). Hawaiian had a negative return on equity of 171.49% and a negative net margin of 9.59%. The business had revenue of $669.07 million during the quarter, compared to the consensus estimate of $668.97 million. During the same quarter last year, the company earned ($0.49) EPS. Hawaiian’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, analysts expect Hawaiian to post $-4 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hawaiian Price Performance

Shares of NASDAQ:HA opened at $12.95 on Monday. The firm’s 50 day moving average price is $13.62 and its 200-day moving average price is $11.06. Hawaiian has a twelve month low of $3.70 and a twelve month high of $14.89. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 16.74. The stock has a market capitalization of $671.46 million, a PE ratio of -2.56 and a beta of 2.39.

Institutional Investors Weigh In On Hawaiian

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HA. Rhumbline Advisers raised its position in shares of Hawaiian by 0.6% during the first quarter. Rhumbline Advisers now owns 146,222 shares of the transportation company’s stock valued at $2,881,000 after buying an additional 943 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Hawaiian by 70.1% during the first quarter. Captrust Financial Advisors now owns 3,641 shares of the transportation company’s stock valued at $72,000 after buying an additional 1,500 shares during the last quarter. ExodusPoint Capital Management LP raised its position in shares of Hawaiian by 2.9% during the fourth quarter. ExodusPoint Capital Management LP now owns 53,465 shares of the transportation company’s stock valued at $549,000 after buying an additional 1,520 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Hawaiian by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 21,654 shares of the transportation company’s stock valued at $233,000 after buying an additional 1,585 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Hawaiian by 6.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,890 shares of the transportation company’s stock valued at $247,000 after buying an additional 1,636 shares during the last quarter. 70.15% of the stock is owned by hedge funds and other institutional investors.

About Hawaiian

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.