Hawaiian Holdings, Inc. (NASDAQ:HA) – Equities research analysts at Imperial Capital raised their FY2017 earnings per share estimates for Hawaiian in a report issued on Wednesday. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings per share of $5.65 for the year, up from their previous estimate of $5.55. Imperial Capital currently has a “Outperform” rating and a $74.00 target price on the stock. Imperial Capital also issued estimates for Hawaiian’s Q4 2017 earnings at $1.11 EPS, Q1 2018 earnings at $0.94 EPS, Q2 2018 earnings at $1.63 EPS, Q3 2018 earnings at $2.11 EPS, Q4 2018 earnings at $1.33 EPS and FY2018 earnings at $6.00 EPS.
A number of other equities research analysts have also commented on the company. ValuEngine lowered Hawaiian from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Citigroup dropped their target price on Hawaiian from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. Buckingham Research upgraded Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Thursday, November 16th. Macquarie started coverage on Hawaiian in a research report on Monday, September 25th. They issued an “outperform” rating and a $49.00 target price on the stock. Finally, BidaskClub lowered Hawaiian from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 28th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Hawaiian currently has a consensus rating of “Hold” and a consensus target price of $46.36.
Shares of Hawaiian (HA) opened at $40.45 on Friday. The company has a market capitalization of $2,120.00, a P/E ratio of 6.80, a P/E/G ratio of 3.14 and a beta of 1.51. Hawaiian has a 52-week low of $32.40 and a 52-week high of $60.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.90.
Hawaiian (NASDAQ:HA) last issued its earnings results on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.07. The firm had revenue of $719.56 million for the quarter, compared to analyst estimates of $721.00 million. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. Hawaiian’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.91 earnings per share.
Hedge funds have recently made changes to their positions in the company. Financial Consulate Inc. raised its stake in shares of Hawaiian by 33.3% during the 3rd quarter. Financial Consulate Inc. now owns 55,023 shares of the transportation company’s stock worth $2,066,000 after buying an additional 13,756 shares during the period. Shell Asset Management Co. raised its stake in shares of Hawaiian by 664.0% during the 3rd quarter. Shell Asset Management Co. now owns 257,698 shares of the transportation company’s stock worth $3,466,000 after buying an additional 223,969 shares during the period. State Street Corp raised its stake in shares of Hawaiian by 1.7% during the 2nd quarter. State Street Corp now owns 1,378,942 shares of the transportation company’s stock worth $64,737,000 after buying an additional 23,076 shares during the period. Teachers Advisors LLC raised its stake in shares of Hawaiian by 4.7% during the 2nd quarter. Teachers Advisors LLC now owns 445,506 shares of the transportation company’s stock worth $20,917,000 after buying an additional 20,201 shares during the period. Finally, Century Capital Management LLC acquired a new position in shares of Hawaiian during the 2nd quarter worth approximately $2,139,000. 93.86% of the stock is owned by institutional investors and hedge funds.
In other Hawaiian news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $40.65, for a total value of $40,650.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.
The business also recently disclosed a special dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 17th were given a $0.12 dividend. The ex-dividend date was Thursday, November 16th. Hawaiian’s dividend payout ratio is presently 13.33%.
Hawaiian declared that its Board of Directors has authorized a stock buyback program on Tuesday, December 5th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.
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Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands (the Neighbor Island routes), between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as its Scheduled Operations.
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