Hawaiian Holdings, Inc. Declares Special Dividend of $0.12 (HA)
Hawaiian Holdings, Inc. (NASDAQ:HA) announced a special dividend on Thursday, October 12th, Wall Street Journal reports. Stockholders of record on Friday, November 17th will be given a dividend of 0.12 per share by the transportation company on Thursday, November 30th. The ex-dividend date is Thursday, November 16th.
Shares of Hawaiian Holdings (NASDAQ:HA) traded down 2.50% during midday trading on Thursday, reaching $39.00. The company had a trading volume of 2,465,771 shares. The company has a 50 day moving average of $40.09 and a 200 day moving average of $46.27. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 9.49 and a beta of 1.41. Hawaiian Holdings has a 12-month low of $36.20 and a 12-month high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last announced its earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. The business had revenue of $675.33 million for the quarter, compared to analysts’ expectations of $676.59 million. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. Analysts anticipate that Hawaiian Holdings will post $5.58 EPS for the current year.
Several analysts recently issued reports on HA shares. ValuEngine raised Hawaiian Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded Hawaiian Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday. Buckingham Research downgraded Hawaiian Holdings from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a research note on Tuesday, September 26th. BidaskClub downgraded Hawaiian Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Stifel Nicolaus raised Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 target price on the stock in a research note on Friday, July 28th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Hawaiian Holdings has a consensus rating of “Hold” and an average target price of $48.67.
In other news, EVP Peter R. Ingram sold 1,000 shares of Hawaiian Holdings stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the transaction, the executive vice president now owns 197,411 shares in the company, valued at approximately $7,896,440. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 3,000 shares of company stock valued at $122,430. Company insiders own 2.30% 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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