Hawaiian Holdings, Inc. (NASDAQ:HA) – Research analysts at Imperial Capital raised their FY2018 earnings estimates for shares of Hawaiian in a research note issued to investors on Tuesday, December 4th. Imperial Capital analyst M. Derchin now forecasts that the transportation company will earn $5.67 per share for the year, up from their previous estimate of $5.60. Imperial Capital has a “Outperform” rating and a $59.00 price target on the stock. Imperial Capital also issued estimates for Hawaiian’s Q4 2018 earnings at $1.23 EPS, Q1 2019 earnings at $1.27 EPS, Q2 2019 earnings at $1.63 EPS, Q3 2019 earnings at $2.26 EPS, Q4 2019 earnings at $1.18 EPS, FY2019 earnings at $6.35 EPS and FY2020 earnings at $7.25 EPS.
Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.74 by $0.17. The company had revenue of $759.10 million for the quarter, compared to analyst estimates of $762.00 million. Hawaiian had a return on equity of 30.56% and a net margin of 13.22%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 earnings per share.
Several other research analysts have also commented on the company. Cowen cut their price target on Hawaiian from $41.00 to $39.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 9th. Buckingham Research lifted their price target on Hawaiian from $35.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, September 7th. Deutsche Bank cut their price target on Hawaiian from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday, October 10th. ValuEngine raised Hawaiian from a “strong sell” rating to a “sell” rating in a report on Saturday, October 27th. Finally, Macquarie set a $45.00 target price on Hawaiian and gave the company a “buy” rating in a report on Wednesday, October 24th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Hawaiian currently has an average rating of “Hold” and a consensus target price of $43.83.
HA opened at $38.01 on Thursday. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 6.74 and a beta of 1.40. Hawaiian has a 52 week low of $31.46 and a 52 week high of $44.25. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.62.
The business also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Thursday, November 15th. Hawaiian’s payout ratio is currently 8.51%.
Large investors have recently added to or reduced their stakes in the company. Congress Asset Management Co. MA increased its holdings in shares of Hawaiian by 10.7% in the third quarter. Congress Asset Management Co. MA now owns 80,648 shares of the transportation company’s stock valued at $3,234,000 after purchasing an additional 7,765 shares during the period. Needham Investment Management LLC grew its holdings in Hawaiian by 22.1% during the second quarter. Needham Investment Management LLC now owns 55,200 shares of the transportation company’s stock worth $1,984,000 after acquiring an additional 10,000 shares during the period. Raymond James & Associates grew its holdings in Hawaiian by 1.9% during the second quarter. Raymond James & Associates now owns 118,066 shares of the transportation company’s stock worth $4,245,000 after acquiring an additional 2,197 shares during the period. Janney Montgomery Scott LLC acquired a new position in Hawaiian during the second quarter worth $692,000. Finally, KBC Group NV grew its holdings in Hawaiian by 104.1% during the second quarter. KBC Group NV now owns 96,554 shares of the transportation company’s stock worth $3,471,000 after acquiring an additional 49,247 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.
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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