Hawaiian Holdings, Inc. (NASDAQ:HA) to Post Q2 2024 Earnings of ($0.35) Per Share, Seaport Res Ptn Forecasts

Hawaiian Holdings, Inc. (NASDAQ:HA) – Research analysts at Seaport Res Ptn boosted their Q2 2024 earnings estimates for shares of Hawaiian in a research report issued on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will earn ($0.35) per share for the quarter, up from their previous forecast of ($0.60). The consensus estimate for Hawaiian’s current full-year earnings is ($3.79) per share. Seaport Res Ptn also issued estimates for Hawaiian’s Q3 2024 earnings at $0.00 EPS, FY2024 earnings at ($3.40) EPS and FY2025 earnings at $0.75 EPS.

Hawaiian (NASDAQ:HA) last announced its earnings results on Tuesday, January 30th. The transportation company reported ($2.37) EPS for the quarter, missing the consensus estimate of ($2.35) by ($0.02). Hawaiian had a negative return on equity of 171.49% and a negative net margin of 9.59%. The business had revenue of $669.07 million for the quarter, compared to the consensus estimate of $668.97 million. During the same period in the prior year, the business posted ($0.49) earnings per share. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year.

Hawaiian Stock Performance

NASDAQ HA opened at $13.25 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 16.74. The firm has a market capitalization of $687.01 million, a price-to-earnings ratio of -2.62 and a beta of 2.39. The firm’s 50 day simple moving average is $13.66 and its 200 day simple moving average is $10.92. Hawaiian has a 1 year low of $3.70 and a 1 year high of $14.89.

Institutional Trading of Hawaiian

A number of hedge funds have recently added to or reduced their stakes in HA. Mutual Advisors LLC acquired a new position in shares of Hawaiian during the third quarter worth $642,000. Sanders Morris Harris LLC acquired a new position in shares of Hawaiian during the third quarter worth $1,309,000. Jump Financial LLC lifted its holdings in shares of Hawaiian by 129.0% during the third quarter. Jump Financial LLC now owns 112,953 shares of the transportation company’s stock worth $715,000 after purchasing an additional 63,620 shares during the period. Barclays PLC lifted its holdings in shares of Hawaiian by 96.3% during the third quarter. Barclays PLC now owns 128,061 shares of the transportation company’s stock worth $812,000 after purchasing an additional 62,835 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Hawaiian by 191.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 134,620 shares of the transportation company’s stock worth $852,000 after purchasing an additional 88,402 shares during the period. Institutional investors and hedge funds own 70.15% of the company’s stock.

Hawaiian Company Profile

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. It provides daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Ontario, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; New York City, New York; Austin, Texas; and Boston, Massachusetts.