Analysts forecast that Hawaiian Holdings, Inc. (NASDAQ:HA) will announce $676.63 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Hawaiian Holdings’ earnings, with estimates ranging from $674.29 million to $680.60 million. Hawaiian Holdings posted sales of $518.57 million in the same quarter last year, which suggests a positive year over year growth rate of 30.5%. The business is expected to announce its next earnings report after the market closes on Tuesday, July 25th.

On average, analysts expect that Hawaiian Holdings will report full year sales of $676.63 million for the current financial year, with estimates ranging from $2.67 billion to $2.70 billion. For the next year, analysts forecast that the firm will report sales of $2.77 billion per share, with estimates ranging from $2.69 billion to $2.88 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Hawaiian Holdings.

Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings data on Thursday, April 20th. The transportation company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.18. Hawaiian Holdings had a net margin of 9.42% and a return on equity of 44.77%. The company had revenue of $614.20 million during the quarter, compared to the consensus estimate of $610.70 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Hawaiian Holdings’s revenue for the quarter was up 11.4% on a year-over-year basis.

HA has been the subject of a number of recent research reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $63.00 price objective (up previously from $60.00) on shares of Hawaiian Holdings in a research report on Sunday, April 23rd. Buckingham Research raised shares of Hawaiian Holdings from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $55.00 to $63.00 in a research report on Friday, April 21st. They noted that the move was a valuation call. Zacks Investment Research raised shares of Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Tuesday, March 28th. ValuEngine downgraded shares of Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, BidaskClub raised shares of Hawaiian Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $54.83.

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Hawaiian Holdings (HA) opened at 46.20 on Friday. The firm has a 50-day moving average of $50.67 and a 200 day moving average of $51.74. Hawaiian Holdings has a 1-year low of $37.40 and a 1-year high of $60.90. The firm has a market cap of $2.48 billion, a P/E ratio of 11.30 and a beta of 1.41.

In other news, insider Mark B. Dunkerley sold 19,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $56.91, for a total value of $1,081,290.00. Following the completion of the sale, the insider now directly owns 352,942 shares of the company’s stock, valued at approximately $20,085,929.22. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Peter R. Ingram sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $48.10, for a total transaction of $120,250.00. Following the completion of the sale, the executive vice president now directly owns 199,411 shares of the company’s stock, valued at $9,591,669.10. The disclosure for this sale can be found here. Insiders have sold a total of 109,908 shares of company stock valued at $5,855,710 over the last three months. 2.30% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. FMR LLC raised its stake in shares of Hawaiian Holdings by 13.8% in the fourth quarter. FMR LLC now owns 224,500 shares of the transportation company’s stock worth $12,797,000 after buying an additional 27,200 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Hawaiian Holdings by 26.6% in the fourth quarter. GSA Capital Partners LLP now owns 5,796 shares of the transportation company’s stock worth $330,000 after buying an additional 1,216 shares in the last quarter. Norges Bank bought a new stake in shares of Hawaiian Holdings during the fourth quarter worth $40,925,000. USA Financial Portformulas Corp bought a new stake in shares of Hawaiian Holdings during the fourth quarter worth $280,000. Finally, Teachers Advisors LLC raised its stake in shares of Hawaiian Holdings by 10.2% in the fourth quarter. Teachers Advisors LLC now owns 425,522 shares of the transportation company’s stock worth $24,255,000 after buying an additional 39,308 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

About Hawaiian Holdings

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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