Hawaiian (NASDAQ:HA) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Hawaiian (NASDAQ:HA) issued its quarterly earnings data on Tuesday. The transportation company reported ($2.77) earnings per share for the quarter, missing the consensus estimate of ($2.75) by ($0.02), Briefing.com reports. Hawaiian had a negative return on equity of 171.49% and a negative net margin of 9.59%. The business had revenue of $645.57 million during the quarter, compared to analyst estimates of $629.24 million. During the same quarter last year, the firm earned ($2.17) EPS. Hawaiian’s revenue for the quarter was up 5.4% compared to the same quarter last year.

Hawaiian Price Performance

Shares of NASDAQ:HA opened at $13.00 on Wednesday. The firm has a 50 day moving average of $13.58 and a 200-day moving average of $11.17. The stock has a market capitalization of $674.05 million, a PE ratio of -2.55 and a beta of 2.39. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 16.74. Hawaiian has a 12 month low of $3.70 and a 12 month high of $14.89.

Analysts Set New Price Targets

Separately, Susquehanna dropped their price objective on shares of Hawaiian from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday.

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.