Wall Street analysts expect Hawaiian Holdings, Inc. (NASDAQ:HA) to post $708.70 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Hawaiian’s earnings, with the highest sales estimate coming in at $710.00 million and the lowest estimate coming in at $707.50 million. Hawaiian reported sales of $697.47 million in the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The firm is scheduled to announce its next earnings report on Tuesday, February 4th.
On average, analysts expect that Hawaiian will report full year sales of $2.83 billion for the current year, with estimates ranging from $2.81 billion to $2.83 billion. For the next year, analysts expect that the business will report sales of $2.89 billion, with estimates ranging from $2.83 billion to $2.95 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Hawaiian.
Hawaiian (NASDAQ:HA) last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.36. The firm had revenue of $755.15 million during the quarter, compared to analyst estimates of $755.85 million. Hawaiian had a return on equity of 22.23% and a net margin of 7.30%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 earnings per share.
Several equities analysts recently commented on HA shares. Morgan Stanley upped their target price on Hawaiian from $21.00 to $23.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Deutsche Bank upped their target price on Hawaiian from $26.00 to $28.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. Citigroup set a $30.00 target price on Hawaiian and gave the company a “hold” rating in a research note on Wednesday, July 31st. BidaskClub lowered Hawaiian from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. Finally, Bank of America upped their target price on Hawaiian from $23.00 to $25.00 and gave the company an “underperform” rating in a research note on Tuesday, October 8th. Six research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Hawaiian currently has a consensus rating of “Hold” and a consensus target price of $27.73.
In other Hawaiian news, Director William S. Swelbar sold 1,203 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $25.30, for a total transaction of $30,435.90. Following the completion of the sale, the director now directly owns 19,563 shares in the company, valued at $494,943.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.
A number of large investors have recently made changes to their positions in HA. Quantamental Technologies LLC acquired a new stake in shares of Hawaiian in the second quarter valued at about $65,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Hawaiian in the first quarter valued at about $81,000. Winslow Asset Management Inc. acquired a new stake in shares of Hawaiian in the second quarter valued at about $205,000. 6 Meridian acquired a new stake in shares of Hawaiian in the third quarter valued at about $236,000. Finally, Brinker Capital Inc. grew its stake in shares of Hawaiian by 11.9% in the third quarter. Brinker Capital Inc. now owns 9,257 shares of the transportation company’s stock valued at $243,000 after buying an additional 986 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.
Hawaiian stock traded up $0.31 during trading on Wednesday, hitting $28.00. The company’s stock had a trading volume of 462,400 shares, compared to its average volume of 758,503. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 5.15 and a beta of 1.76. The stock’s fifty day moving average is $27.34 and its 200 day moving average is $26.78. Hawaiian has a 1-year low of $22.84 and a 1-year high of $40.30. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.64 and a current ratio of 0.87.
Hawaiian Company Profile
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.
Further Reading: What are the benefits of a balanced fund?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.