Hawaiian Holdings, Inc. (HA) Expected to Post Earnings of $1.33 Per Share
Wall Street brokerages expect Hawaiian Holdings, Inc. (NASDAQ:HA) to report $1.33 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Hawaiian Holdings’ earnings, with the highest EPS estimate coming in at $1.40 and the lowest estimate coming in at $1.29. Hawaiian Holdings posted earnings per share of $1.21 in the same quarter last year, which suggests a positive year-over-year growth rate of 9.9%. The firm is expected to report its next earnings results on Thursday, July 20th.
According to Zacks, analysts expect that Hawaiian Holdings will report full-year earnings of $5.19 per share for the current financial year, with EPS estimates ranging from $4.90 to $5.45. For the next year, analysts expect that the firm will post earnings of $5.32 per share, with EPS estimates ranging from $4.72 to $6.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Hawaiian Holdings.
Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings data on Thursday, April 20th. The transportation company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. The company had revenue of $614.20 million for the quarter, compared to analyst estimates of $610.70 million. Hawaiian Holdings had a return on equity of 48.91% and a net margin of 10.28%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS.
Several analysts have weighed in on the company. Imperial Capital lowered their target price on Hawaiian Holdings from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Wednesday, January 25th. Citigroup Inc reissued a “neutral” rating and issued a $57.00 target price (up previously from $56.00) on shares of Hawaiian Holdings in a report on Saturday, April 22nd. Zacks Investment Research raised Hawaiian Holdings from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a report on Wednesday, May 17th. Deutsche Bank AG reissued a “buy” rating and issued a $63.00 target price (up previously from $60.00) on shares of Hawaiian Holdings in a report on Sunday, April 23rd. Finally, Cowen and Company restated a “market perform” rating and issued a $56.00 price objective (up from $52.00) on shares of Hawaiian Holdings in a research report on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Hawaiian Holdings has an average rating of “Buy” and an average target price of $54.67.
Shares of Hawaiian Holdings (NASDAQ:HA) traded down 1.60% on Wednesday, reaching $49.30. The company’s stock had a trading volume of 539,114 shares. The company has a 50 day moving average of $51.65 and a 200 day moving average of $51.81. The stock has a market capitalization of $2.64 billion, a P/E ratio of 12.05 and a beta of 1.12. Hawaiian Holdings has a 1-year low of $34.69 and a 1-year high of $60.90.
In related news, CFO Shannon Lei Okinaka sold 2,500 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $21.28, for a total transaction of $53,200.00. Following the transaction, the chief financial officer now directly owns 33,838 shares in the company, valued at $720,072.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Ronald Anderson-Lehman sold 29,408 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $55.00, for a total value of $1,617,440.00. Following the transaction, the chief accounting officer now owns 34,847 shares in the company, valued at $1,916,585. The disclosure for this sale can be found here. Insiders have sold 93,408 shares of company stock worth $4,865,425 over the last quarter. 3.40% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Tyers Asset Management LLC acquired a new position in Hawaiian Holdings during the fourth quarter valued at $109,000. Flinton Capital Management LLC increased its position in Hawaiian Holdings by 2.3% in the first quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock valued at $116,000 after buying an additional 56 shares during the period. Americafirst Capital Management LLC acquired a new position in Hawaiian Holdings during the first quarter valued at $127,000. First Mercantile Trust Co. increased its position in Hawaiian Holdings by 17.2% in the first quarter. First Mercantile Trust Co. now owns 2,954 shares of the transportation company’s stock valued at $137,000 after buying an additional 434 shares during the period. Finally, Neuburgh Advisers LLC increased its position in Hawaiian Holdings by 2.3% in the first quarter. Neuburgh Advisers LLC now owns 3,026 shares of the transportation company’s stock valued at $141,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 88.80% of the company’s stock.
Hawaiian Holdings Company Profile
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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