Wall Street analysts forecast that Hawaiian Holdings, Inc. (NASDAQ:HA) will report earnings per share of $1.10 for the current quarter, according to Zacks. Three analysts have made estimates for Hawaiian’s earnings. The highest EPS estimate is $1.14 and the lowest is $1.06. Hawaiian reported earnings per share of $1.28 in the same quarter last year, which suggests a negative year over year growth rate of 14.1%. The company is expected to announce its next earnings report after the market closes on Monday, January 29th.
According to Zacks, analysts expect that Hawaiian will report full-year earnings of $5.64 per share for the current year, with EPS estimates ranging from $5.60 to $5.68. For the next fiscal year, analysts expect that the firm will post earnings of $4.59 per share, with EPS estimates ranging from $3.88 to $6.00. Zacks’ EPS 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. The company had revenue of $719.56 million for the quarter, compared to analyst estimates of $721.00 million. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 EPS.
A number of research analysts have weighed in on the company. Zacks Investment Research lowered Hawaiian from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 18th. ValuEngine upgraded Hawaiian from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Buckingham Research upgraded Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Thursday, November 16th. Finally, Bank of America reiterated an “underperform” rating and set a $38.00 price target (down previously from $43.00) on shares of Hawaiian in a report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $47.58.
Hawaiian (HA) opened at $38.25 on Wednesday. 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 firm has a market capitalization of $2,010.00, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 3.78 and a beta of 1.52. Hawaiian has a fifty-two week low of $32.40 and a fifty-two week high of $59.45.
Hawaiian declared that its board has approved a stock repurchase program on Tuesday, December 5th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Several large investors have recently modified their holdings of HA. Prudential Financial Inc. increased its position in shares of 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 last quarter. BlackRock Inc. increased 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 worth $340,268,000 after purchasing an additional 506,330 shares during the last quarter. Hodges Capital Management Inc. acquired a new stake in shares of Hawaiian during the 3rd quarter worth about $15,463,000. Wells Fargo & Company MN increased 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 worth $21,072,000 after purchasing an additional 385,337 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Hawaiian during the 2nd quarter worth about $12,159,000. 93.75% of the stock is owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com