Analysts Anticipate Hawaiian Holdings, Inc. (NASDAQ:HA) to Announce -$1.05 Earnings Per Share

Brokerages predict that Hawaiian Holdings, Inc. (NASDAQ:HA – Get Rating) will report ($1.05) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hawaiian’s earnings. The highest EPS estimate is ($0.90) and the lowest is ($1.13). Hawaiian posted earnings per share of ($1.44) in the same quarter last year, which would suggest a positive year over year growth rate of 27.1%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Hawaiian will report full-year earnings of ($3.95) per share for the current year, with EPS estimates ranging from ($4.64) to ($2.80). For the next fiscal year, analysts anticipate that the company will post earnings of $1.47 per share, with EPS estimates ranging from $0.76 to $2.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Hawaiian.

Hawaiian (NASDAQ:HA – Get Rating) last issued its earnings results on Tuesday, April 26th. The transportation company reported ($2.54) EPS for the quarter, missing the consensus estimate of ($2.51) by ($0.03). The firm had revenue of $477.21 million during the quarter, compared to the consensus estimate of $476.68 million. Hawaiian had a negative return on equity of 57.98% and a negative net margin of 10.94%. The firm’s revenue for the quarter was up 161.9% compared to the same quarter last year. During the same period last year, the business earned ($3.85) earnings per share.

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut Hawaiian from a “buy” rating to a “hold” rating and cut their price objective for the company from $25.00 to $23.00 in a report on Friday, April 22nd. The Goldman Sachs Group cut 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. Finally, StockNews.com raised Hawaiian from a “sell” rating to a “hold” rating in a report on Saturday, May 7th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.40.

Shares of NASDAQ HA opened at $16.41 on Tuesday. The stock has a market cap of $842.28 million, a PE ratio of -4.06 and a beta of 1.97. The business has a fifty day moving average of $17.92 and a two-hundred day moving average of $18.67. Hawaiian has a 52-week low of $14.44 and a 52-week high of $31.38. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.59 and a current ratio of 1.59.

In other news, VP Aaron J. Alter sold 2,500 shares of Hawaiian stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $19.39, for a total transaction of $48,475.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prospera Financial Services Inc bought a new stake in Hawaiian in the 1st quarter valued at approximately $25,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Hawaiian during the 1st quarter worth approximately $26,000. Quadrant Capital Group LLC raised its stake in shares of Hawaiian by 93.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,462 shares of the transportation company’s stock worth $27,000 after purchasing an additional 708 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Hawaiian during the 4th quarter worth approximately $30,000. Finally, First Quadrant LLC CA acquired a new position in shares of Hawaiian during the 1st quarter worth approximately $45,000. Hedge funds and other institutional investors own 88.28% of the company’s stock.

About Hawaiian (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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