Hawaiian Holdings Inc. (HA) Scheduled to Post Earnings on Tuesday
Hawaiian Holdings Inc. (NASDAQ:HA) is scheduled to release its Q316 earnings data on Tuesday, October 18th. Analysts expect Hawaiian Holdings to post earnings of $1.80 per share and revenue of $669.22 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.06. Hawaiian Holdings had a net margin of 10.50% and a return on equity of 50.15%. The business had revenue of $594.60 million for the quarter, compared to analyst estimates of $589.04 million. On average, analysts expect Hawaiian Holdings to post $4.94 EPS for the current fiscal year and $4.41 EPS for the next fiscal year.
Hawaiian Holdings Inc. (NASDAQ:HA) opened at 48.89 on Monday. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 11.57 and a beta of 1.30. Hawaiian Holdings Inc. has a 52-week low of $28.40 and a 52-week high of $51.53. The company’s 50-day moving average is $47.95 and its 200-day moving average is $44.34.
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In other news, SVP Barbara Falvey sold 5,500 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $45.25, for a total transaction of $248,875.00. Following the completion of the transaction, the senior vice president now owns 23,534 shares of the company’s stock, valued at $1,064,913.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Theodoros Panagiotoulias sold 1,508 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $47.19, for a total value of $71,162.52. Following the transaction, the senior vice president now directly owns 12,332 shares of the company’s stock, valued at approximately $581,947.08. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. acquired a new position in shares of Hawaiian Holdings during the second quarter valued at approximately $129,000. Sei Investments Co. raised its position in shares of Hawaiian Holdings by 27.1% in the second quarter. Sei Investments Co. now owns 4,212 shares of the company’s stock valued at $160,000 after buying an additional 899 shares during the last quarter. Seven Eight Capital LLC raised its position in shares of Hawaiian Holdings by 265.2% in the second quarter. Seven Eight Capital LLC now owns 6,311 shares of the company’s stock valued at $240,000 after buying an additional 4,583 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Hawaiian Holdings during the second quarter valued at approximately $260,000. Finally, Pacad Investment Ltd. acquired a new position in shares of Hawaiian Holdings during the second quarter valued at approximately $266,000. 88.19% of the stock is owned by institutional investors.
A number of brokerages recently weighed in on HA. Deutsche Bank AG raised shares of Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Monday, June 27th. They noted that the move was a valuation call. Vetr raised shares of Hawaiian Holdings from a “buy” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a report on Monday, June 27th. Zacks Investment Research downgraded shares of Hawaiian Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Cowen and Company boosted their price target on shares of Hawaiian Holdings from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, July 22nd. Finally, Bank of America Corp. reissued a “hold” rating and issued a $47.00 price target on shares of Hawaiian Holdings in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $50.00.
About Hawaiian Holdings
Hawaiian Holdings, Inc is a holding company. The Company, through its subsidiary, Hawaiian Airlines, Inc (Hawaiian) is engaged in the scheduled air transportation of passengers and cargo. The Company offers transportation 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 the Company’s Scheduled Operations.
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