Hawaiian Holdings, Inc. (NASDAQ:HA) has been given an average recommendation of “Hold” by the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $29.89.
HA has been the topic of several recent analyst reports. Cowen restated a “market perform” rating and set a $29.00 price objective (down from $31.00) on shares of Hawaiian in a research report on Wednesday, July 31st. Macquarie downgraded shares of Hawaiian from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $35.00 to $29.00 in a research report on Monday, July 29th. Deutsche Bank set a $24.00 price objective on shares of Hawaiian and gave the company a “sell” rating in a research report on Wednesday, July 31st. Buckingham Research decreased their price objective on shares of Hawaiian from $33.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, BidaskClub downgraded shares of Hawaiian from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th.
Hawaiian stock traded down $1.79 during midday trading on Wednesday, reaching $25.30. 25,054 shares of the company traded hands, compared to its average volume of 657,940. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 4.70 and a beta of 1.80. The company’s 50 day simple moving average is $27.07. Hawaiian has a 12 month low of $24.24 and a 12 month high of $44.25. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.64 and a quick ratio of 0.64.
Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.19. Hawaiian had a net margin of 7.76% and a return on equity of 24.26%. The business had revenue of $712.19 million for the quarter, compared to the consensus estimate of $704.74 million. During the same period last year, the firm earned $1.44 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts forecast that Hawaiian will post 4.01 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a $0.12 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 1.90%. Hawaiian’s dividend payout ratio is currently 8.82%.
Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Hawaiian by 12.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,137,067 shares of the transportation company’s stock worth $82,849,000 after purchasing an additional 335,590 shares during the last quarter. Principal Financial Group Inc. grew its position in Hawaiian by 10.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,229,698 shares of the transportation company’s stock worth $58,532,000 after purchasing an additional 207,873 shares during the last quarter. LSV Asset Management grew its position in Hawaiian by 1.5% during the 1st quarter. LSV Asset Management now owns 1,455,470 shares of the transportation company’s stock worth $38,206,000 after purchasing an additional 21,519 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Hawaiian by 28.2% in the 1st quarter. Royce & Associates LP now owns 1,412,678 shares of the transportation company’s stock valued at $37,083,000 after acquiring an additional 310,616 shares during the last quarter. Finally, Primecap Management Co. CA boosted its holdings in shares of Hawaiian by 3.5% in the 1st quarter. Primecap Management Co. CA now owns 951,367 shares of the transportation company’s stock valued at $24,973,000 after acquiring an additional 32,167 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.
Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, 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 Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.
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