Wall Street analysts predict that Hawaiian Holdings, Inc. (NASDAQ:HA) will announce $652.42 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Hawaiian’s earnings. The highest sales estimate is $659.90 million and the lowest is $640.00 million. Hawaiian reported sales of $614.19 million in the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, April 24th.
According to Zacks, analysts expect that Hawaiian will report full year sales of $2.84 billion for the current financial year, with estimates ranging from $2.80 billion to $2.92 billion. For the next year, analysts expect that the business will report sales of $3.00 billion per share, with estimates ranging from $2.90 billion to $3.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Hawaiian.
Hawaiian (NASDAQ:HA) last issued its quarterly earnings data on Monday, January 29th. The transportation company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Hawaiian had a return on equity of 36.52% and a net margin of 13.51%. The company had revenue of $686.50 million for the quarter, compared to the consensus estimate of $686.00 million. During the same quarter last year, the company earned $1.28 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year.
Several brokerages have weighed in on HA. BidaskClub raised Hawaiian from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Imperial Capital raised their price target on Hawaiian from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Argus reissued a “hold” rating and issued a $61.00 price target on shares of Hawaiian in a report on Thursday, January 11th. Sidoti raised Hawaiian from a “neutral” rating to a “buy” rating and set a $49.00 price target for the company in a report on Thursday, March 8th. Finally, Stifel Nicolaus raised their price target on Hawaiian from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $49.25.
HA stock traded down $0.20 during trading on Friday, reaching $39.25. 970,891 shares of the company traded hands, compared to its average volume of 1,068,508. Hawaiian has a 12 month low of $32.40 and a 12 month high of $59.45. The company has a market cap of $2,038.75, a P/E ratio of 6.96 and a beta of 1.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.79 and a quick ratio of 0.79.
In other news, Director Donald J. Carty bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was purchased at an average price of $37.79 per share, with a total value of $188,950.00. Following the completion of the acquisition, the director now directly owns 18,675 shares of the company’s stock, valued at approximately $705,728.25. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in Hawaiian by 5.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,847,471 shares of the transportation company’s stock valued at $69,371,000 after acquiring an additional 98,308 shares in the last quarter. Alliancebernstein L.P. raised its position in Hawaiian by 1,244.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,233,908 shares of the transportation company’s stock valued at $49,171,000 after acquiring an additional 1,142,148 shares in the last quarter. LSV Asset Management raised its position in Hawaiian by 0.9% during the fourth quarter. LSV Asset Management now owns 1,121,927 shares of the transportation company’s stock valued at $44,708,000 after acquiring an additional 10,200 shares in the last quarter. Millennium Management LLC raised its position in Hawaiian by 30.0% during the fourth quarter. Millennium Management LLC now owns 1,096,662 shares of the transportation company’s stock valued at $43,702,000 after acquiring an additional 253,340 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Hawaiian by 13.1% during the fourth quarter. Bank of New York Mellon Corp now owns 818,608 shares of the transportation company’s stock valued at $32,621,000 after acquiring an additional 94,796 shares in the last quarter. Institutional investors own 90.09% of the company’s stock.
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Hawaiian Company Profile
Hawaiian Holdings, Inc operates as a holding company for Hawaiian Airlines, Inc The company through its subsidiary Hawaiian Airlines, Inc is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands between the Hawaiian Islands and certain cities in the United States, and between the Hawaiian Islands and the South Pacific, Australia and Asia.
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