$1.73 Earnings Per Share Expected for Hawaiian Holdings, Inc. (HA) This Quarter

Equities research analysts expect that Hawaiian Holdings, Inc. (NASDAQ:HA) will report earnings per share of $1.73 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Hawaiian’s earnings. The highest EPS estimate is $1.91 and the lowest is $1.60. Hawaiian reported earnings of $1.92 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 9.9%. The business is scheduled to report its next quarterly earnings report after the market closes on Tuesday, October 23rd.

According to Zacks, analysts expect that Hawaiian will report full year earnings of $5.50 per share for the current year, with EPS estimates ranging from $5.10 to $6.00. For the next financial year, analysts forecast that the company will report earnings of $4.92 per share, with EPS estimates ranging from $3.75 to $7.10. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hawaiian.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Tuesday, July 24th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.18. Hawaiian had a net margin of 12.73% and a return on equity of 32.45%. The company had revenue of $715.45 million for the quarter, compared to analyst estimates of $716.52 million. During the same period in the prior year, the firm earned $1.49 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year.

Several analysts have issued reports on HA shares. BidaskClub raised Hawaiian from a “sell” rating to a “hold” rating in a research note on Saturday, September 29th. ValuEngine raised Hawaiian from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. Buckingham Research dropped their price target on Hawaiian from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 10th. Deutsche Bank dropped their price target on Hawaiian from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, October 10th. Finally, Stifel Nicolaus dropped their price target on Hawaiian from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, July 25th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $47.00.

Shares of HA stock traded down $0.05 during trading hours on Thursday, reaching $35.01. 1,438 shares of the stock were exchanged, compared to its average volume of 815,589. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.75 and a current ratio of 0.75. Hawaiian has a 12-month low of $32.40 and a 12-month high of $44.25. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 6.24 and a beta of 1.31.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Hawaiian by 1.5% in the second quarter. BlackRock Inc. now owns 7,086,683 shares of the transportation company’s stock valued at $254,765,000 after acquiring an additional 104,822 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hawaiian by 13.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,672,215 shares of the transportation company’s stock worth $96,067,000 after acquiring an additional 307,641 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Hawaiian by 47.4% in the 1st quarter. Principal Financial Group Inc. now owns 2,054,140 shares of the transportation company’s stock worth $79,496,000 after acquiring an additional 660,512 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Hawaiian by 8.9% in the 2nd quarter. LSV Asset Management now owns 1,330,545 shares of the transportation company’s stock worth $47,833,000 after acquiring an additional 108,818 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Hawaiian by 29.8% in the 2nd quarter. Royce & Associates LP now owns 1,016,131 shares of the transportation company’s stock worth $36,530,000 after acquiring an additional 233,404 shares during the last quarter. 84.83% of the stock is currently owned by institutional investors and hedge funds.

About Hawaiian

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

Further Reading: Buyback For Investors Defined

Get a free copy of the Zacks research report on Hawaiian (HA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hawaiian (NASDAQ:HA)

Receive News & Ratings for Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply