Hawaiian Holdings, Inc. (NASDAQ:HA) Expected to Post Earnings of -$1.05 Per Share

Equities analysts forecast that Hawaiian Holdings, Inc. (NASDAQ:HAGet Rating) will post ($1.05) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hawaiian’s earnings. The lowest EPS estimate is ($1.13) and the highest is ($0.90). Hawaiian reported earnings per share of ($1.44) during the same quarter last year, which would indicate a positive year over year growth rate of 27.1%. The company is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Hawaiian will report full-year earnings of ($3.95) per share for the current fiscal year, with EPS estimates ranging from ($4.64) to ($2.80). For the next fiscal year, analysts forecast that the company will post earnings of $1.47 per share, with EPS estimates ranging from $0.76 to $2.00. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Hawaiian.

Hawaiian (NASDAQ:HAGet Rating) last issued its 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). Hawaiian had a negative return on equity of 57.98% and a negative net margin of 10.94%. The firm had revenue of $477.21 million for the quarter, compared to analysts’ expectations of $476.68 million. During the same quarter in the previous year, the firm posted ($3.85) EPS. The firm’s revenue for the quarter was up 161.9% compared to the same quarter last year.

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

Shares of NASDAQ:HA opened at $17.07 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 4.18. Hawaiian has a 1 year low of $14.62 and a 1 year high of $31.38. The stock has a 50-day simple moving average of $18.26 and a 200-day simple moving average of $19.09.

In other Hawaiian news, VP Aaron J. Alter sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $19.39, for a total value of $48,475.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of HA. Towle & Co. acquired a new stake in shares of Hawaiian during the 3rd quarter valued at approximately $29,234,000. U S Global Investors Inc. grew its stake in Hawaiian by 27.1% during the 3rd quarter. U S Global Investors Inc. now owns 5,338,054 shares of the transportation company’s stock worth $115,622,000 after buying an additional 1,139,656 shares during the last quarter. Victory Capital Management Inc. grew its stake in Hawaiian by 2,301.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,111,876 shares of the transportation company’s stock worth $21,875,000 after buying an additional 1,065,576 shares during the last quarter. State Street Corp grew its stake in Hawaiian by 22.2% during the 4th quarter. State Street Corp now owns 2,659,666 shares of the transportation company’s stock worth $48,858,000 after buying an additional 482,541 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Hawaiian by 282.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 612,721 shares of the transportation company’s stock worth $11,256,000 after buying an additional 452,686 shares during the last quarter. 88.28% of the stock is currently owned by institutional investors and hedge funds.

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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