Q2 2024 EPS Estimates for Hawaiian Holdings, Inc. Increased by Seaport Res Ptn (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) – Stock analysts at Seaport Res Ptn lifted their Q2 2024 earnings estimates for Hawaiian in a 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 prior 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 released 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 company had revenue of $669.07 million during the quarter, compared to analysts’ expectations of $668.97 million. During the same period last year, the firm posted ($0.49) EPS. Hawaiian’s quarterly revenue was down 8.5% compared to the same quarter last year.

Hawaiian Price Performance

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

Hedge Funds Weigh In On Hawaiian

Several hedge funds have recently modified their holdings of HA. Par Capital Management Inc. purchased a new stake in Hawaiian during the fourth quarter valued at $21,584,000. Alpine Associates Management Inc. purchased a new stake in Hawaiian during the fourth quarter valued at $14,964,000. Third Avenue Management LLC raised its stake in Hawaiian by 141.0% during the first quarter. Third Avenue Management LLC now owns 1,556,133 shares of the transportation company’s stock valued at $14,254,000 after purchasing an additional 910,431 shares in the last quarter. Millennium Management LLC raised its stake in Hawaiian by 933.7% during the second quarter. Millennium Management LLC now owns 663,758 shares of the transportation company’s stock valued at $9,498,000 after purchasing an additional 743,371 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Hawaiian by 8.0% during the first quarter. BlackRock Inc. now owns 9,356,013 shares of the transportation company’s stock valued at $85,701,000 after purchasing an additional 692,526 shares in the last quarter. Hedge funds and other institutional investors own 70.15% of the company’s stock.

About Hawaiian

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.