Hawaiian Holdings, Inc. (NASDAQ:HA – Free Report) – Investment analysts at Seaport Res Ptn lowered their FY2023 earnings estimates for shares of Hawaiian in a research note issued on Wednesday, October 25th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will post earnings of ($5.72) per share for the year, down from their prior estimate of ($4.40). The consensus estimate for Hawaiian’s current full-year earnings is ($4.75) per share. Seaport Res Ptn also issued estimates for Hawaiian’s Q4 2023 earnings at ($2.05) EPS, Q1 2024 earnings at ($1.75) EPS, Q2 2024 earnings at ($0.45) EPS, Q3 2024 earnings at $0.00 EPS, Q4 2024 earnings at ($0.50) EPS, FY2024 earnings at ($2.70) EPS and FY2025 earnings at $0.25 EPS.
HA has been the subject of several other reports. Susquehanna lowered their price objective on shares of Hawaiian from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday. StockNews.com began coverage on shares of Hawaiian in a research report on Thursday, October 5th. They set a “sell” rating on the stock. Finally, The Goldman Sachs Group reduced their price target on shares of Hawaiian from $5.00 to $4.00 and set a “sell” rating on the stock in a research report on Wednesday.
Hawaiian Stock Performance
Shares of NASDAQ:HA opened at $3.91 on Friday. The company has a market cap of $201.87 million, a price-to-earnings ratio of -0.96 and a beta of 2.08. The company has a 50-day moving average price of $6.65 and a 200-day moving average price of $8.50. The company has a current ratio of 1.15, a quick ratio of 1.19 and a debt-to-equity ratio of 8.94. Hawaiian has a 12 month low of $3.70 and a 12 month high of $15.74.
Hawaiian (NASDAQ:HA – Get Free Report) last posted its quarterly earnings results on Tuesday, October 24th. The transportation company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.15). The business had revenue of $727.68 million during the quarter, compared to the consensus estimate of $743.10 million. Hawaiian had a negative return on equity of 88.97% and a negative net margin of 7.54%.
Institutional Investors Weigh In On Hawaiian
A number of institutional investors have recently made changes to their positions in HA. BlackRock Inc. lifted its position in Hawaiian by 1.9% during the second quarter. BlackRock Inc. now owns 9,534,108 shares of the transportation company’s stock valued at $102,682,000 after purchasing an additional 178,095 shares during the period. U S Global Investors Inc. lifted its position in Hawaiian by 50.1% during the first quarter. U S Global Investors Inc. now owns 7,167,513 shares of the transportation company’s stock valued at $65,920,000 after purchasing an additional 2,392,279 shares during the period. Vanguard Group Inc. lifted its position in Hawaiian by 0.8% during the third quarter. Vanguard Group Inc. now owns 5,538,996 shares of the transportation company’s stock valued at $72,838,000 after purchasing an additional 44,393 shares during the period. State Street Corp lifted its position in Hawaiian by 7.0% during the first quarter. State Street Corp now owns 2,845,245 shares of the transportation company’s stock valued at $56,051,000 after purchasing an additional 185,579 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Hawaiian by 13.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,170,999 shares of the transportation company’s stock valued at $42,767,000 after purchasing an additional 259,426 shares during the period. Hedge funds and other institutional investors own 92.09% of the company’s stock.
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, 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.
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