Brokerages Anticipate Hawaiian Holdings, Inc. (HA) Will Post Quarterly Sales of $677.25 Million

Equities analysts expect that Hawaiian Holdings, Inc. (NASDAQ:HA) will post sales of $677.25 million for the current quarter, according to Zacks. Three analysts have issued estimates for Hawaiian’s earnings. The highest sales estimate is $684.50 million and the lowest is $666.60 million. Hawaiian posted sales of $632.97 million in the same quarter last year, which would indicate a positive year over year growth rate of 7%. The firm is expected to report its next earnings report on Tuesday, January 23rd.

According to Zacks, analysts expect that Hawaiian will report full year sales of $677.25 million for the current year, with estimates ranging from $2.68 billion to $2.69 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.82 billion per share, with estimates ranging from $2.70 billion to $2.93 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Hawaiian.

Hawaiian (NASDAQ:HA) last announced its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.07. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The business had revenue of $719.56 million for the quarter, compared to the consensus estimate of $721.00 million. During the same period in the previous year, the business earned $1.91 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis.

A number of equities research analysts recently commented on the company. ValuEngine upgraded Hawaiian from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Buckingham Research reissued a “buy” rating on shares of Hawaiian in a research note on Thursday, November 23rd. Imperial Capital boosted their price objective on Hawaiian from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Zacks Investment Research raised Hawaiian from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, BidaskClub cut Hawaiian from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 28th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $46.36.

In other Hawaiian news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $40.65, for a total transaction of $40,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. grew its position in Hawaiian by 370.3% during the 3rd quarter. Prudential Financial Inc. now owns 981,730 shares of the transportation company’s stock worth $36,864,000 after purchasing an additional 772,990 shares during the period. BlackRock Inc. grew its position in shares of Hawaiian by 7.5% during the 2nd quarter. BlackRock Inc. now owns 7,247,487 shares of the transportation company’s stock valued at $340,268,000 after acquiring an additional 506,330 shares during the period. Hodges Capital Management Inc. acquired a new stake in shares of Hawaiian during the 3rd quarter valued at about $15,463,000. Wells Fargo & Company MN grew its position in shares of Hawaiian by 219.2% during the 3rd quarter. Wells Fargo & Company MN now owns 561,166 shares of the transportation company’s stock valued at $21,072,000 after acquiring an additional 385,337 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Hawaiian during the 2nd quarter valued at about $12,159,000. Institutional investors own 93.86% of the company’s stock.

Shares of Hawaiian (HA) traded up $0.75 during trading on Friday, hitting $40.05. The stock had a trading volume of 1,119,495 shares, compared to its average volume of 1,052,642. Hawaiian has a fifty-two week low of $32.40 and a fifty-two week high of $60.90. The stock has a market capitalization of $2,062.14, a P/E ratio of 6.75, a price-to-earnings-growth ratio of 3.09 and a beta of 1.51. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.53.

The business also recently announced a special dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 17th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 16th. Hawaiian’s dividend payout ratio is currently 12.77%.

Hawaiian announced that its board has authorized a share repurchase program on Tuesday, December 5th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Hawaiian 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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Earnings History and Estimates for Hawaiian (NASDAQ:HA)

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