$647.78 Million in Sales Expected for Hawaiian Holdings, Inc. (NASDAQ:HA) This Quarter

Equities analysts forecast that Hawaiian Holdings, Inc. (NASDAQ:HAGet Rating) will announce sales of $647.78 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Hawaiian’s earnings. The lowest sales estimate is $641.76 million and the highest is $653.80 million. Hawaiian posted sales of $410.78 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 57.7%. The business is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Hawaiian will report full year sales of $2.68 billion for the current fiscal year, with estimates ranging from $2.58 billion to $2.78 billion. For the next year, analysts forecast that the business will post sales of $3.19 billion, with estimates ranging from $3.13 billion to $3.25 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Hawaiian.

Hawaiian (NASDAQ:HAGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The transportation company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.51) by ($0.03). The firm had revenue of $477.21 million during the quarter, compared to analysts’ expectations of $476.68 million. Hawaiian had a negative net margin of 10.94% and a negative return on equity of 57.98%. The firm’s revenue for the quarter was up 161.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($3.85) EPS.

A number of research firms have weighed in on HA. Deutsche Bank Aktiengesellschaft lowered Hawaiian from a “buy” rating to a “hold” rating and lowered their target price for the stock from $25.00 to $23.00 in a report on Friday, April 22nd. Cowen upgraded Hawaiian from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $17.50 to $23.00 in a report on Thursday, January 13th. StockNews.com lowered Hawaiian from a “hold” rating to a “sell” rating in a report on Friday, April 29th. Finally, The Goldman Sachs Group lowered their target price on Hawaiian from $10.00 to $9.00 and set a “sell” rating for the company in a report on Thursday, April 7th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.40.

In other news, VP Aaron J. Alter sold 2,500 shares of the stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $19.39, for a total transaction of $48,475.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its position in shares of Hawaiian by 1.5% during the 4th quarter. California State Teachers Retirement System now owns 38,115 shares of the transportation company’s stock worth $700,000 after purchasing an additional 571 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Hawaiian by 93.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,462 shares of the transportation company’s stock worth $27,000 after acquiring an additional 708 shares during the period. Royal Bank of Canada boosted its holdings in Hawaiian by 11.7% during the third quarter. Royal Bank of Canada now owns 8,655 shares of the transportation company’s stock worth $187,000 after buying an additional 906 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in Hawaiian by 3.2% during the fourth quarter. Guggenheim Capital LLC now owns 34,984 shares of the transportation company’s stock worth $643,000 after buying an additional 1,094 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Hawaiian by 0.4% during the fourth quarter. Parametric Portfolio Associates LLC now owns 291,488 shares of the transportation company’s stock worth $5,355,000 after buying an additional 1,168 shares in the last quarter. Hedge funds and other institutional investors own 88.28% of the company’s stock.

Shares of NASDAQ HA opened at $17.77 on Thursday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market capitalization of $912.08 million, a price-to-earnings ratio of -4.40 and a beta of 1.97. The stock has a 50 day moving average price of $18.31 and a 200 day moving average price of $19.11. Hawaiian has a 52-week low of $14.62 and a 52-week high of $31.38.

Hawaiian Company Profile (Get Rating)

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

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