Equities research analysts expect that Hawaiian Holdings, Inc. (NASDAQ:HA) will post earnings of $1.92 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Hawaiian’s earnings. The highest EPS estimate is $2.06 and the lowest is $1.84. Hawaiian also posted earnings of $1.92 per share during the same quarter last year. The firm is scheduled to report its next earnings results on Thursday, October 18th.
On average, analysts expect that Hawaiian will report full-year earnings of $5.75 per share for the current fiscal year, with EPS estimates ranging from $5.25 to $6.00. For the next year, analysts expect that the company will report earnings of $5.22 per share, with EPS estimates ranging from $4.19 to $7.00. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Hawaiian.
Hawaiian (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, July 24th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.18. The business had revenue of $715.45 million for the quarter, compared to analysts’ expectations of $716.52 million. Hawaiian had a return on equity of 32.45% and a net margin of 12.73%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.49 earnings per share.
HA has been the topic of several analyst reports. BidaskClub raised Hawaiian from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. Deutsche Bank reissued a “hold” rating on shares of Hawaiian in a research note on Thursday, July 26th. ValuEngine lowered Hawaiian from a “sell” rating to a “strong sell” rating in a research note on Friday, September 7th. Buckingham Research increased their target price on Hawaiian from $35.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, September 7th. Finally, Morgan Stanley cut their target price on Hawaiian from $36.00 to $34.00 and set an “underweight” rating on the stock in a research note on Thursday, July 12th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $47.82.
Hawaiian stock opened at $38.75 on Friday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 6.87 and a beta of 1.30. Hawaiian has a 12-month low of $32.40 and a 12-month high of $44.25. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.63.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 17th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, August 16th. Hawaiian’s dividend payout ratio is currently 8.51%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HA. Victory Capital Management Inc. raised its stake in shares of Hawaiian by 37.8% in the 1st quarter. Victory Capital Management Inc. now owns 493,168 shares of the transportation company’s stock valued at $19,086,000 after acquiring an additional 135,158 shares during the period. Prudential Financial Inc. raised its stake in shares of Hawaiian by 13.4% in the 1st quarter. Prudential Financial Inc. now owns 416,980 shares of the transportation company’s stock valued at $16,137,000 after acquiring an additional 49,160 shares during the period. M&T Bank Corp raised its stake in shares of Hawaiian by 21.7% in the 1st quarter. M&T Bank Corp now owns 11,937 shares of the transportation company’s stock valued at $462,000 after acquiring an additional 2,129 shares during the period. Chicago Equity Partners LLC raised its stake in shares of Hawaiian by 22.1% in the 1st quarter. Chicago Equity Partners LLC now owns 18,990 shares of the transportation company’s stock valued at $735,000 after acquiring an additional 3,440 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Hawaiian by 8.4% in the 1st quarter. Aperio Group LLC now owns 18,121 shares of the transportation company’s stock valued at $701,000 after acquiring an additional 1,399 shares during the period. 84.84% of the stock is currently owned by institutional investors.
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.
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