Equities analysts expect Hawaiian Holdings, Inc. (NASDAQ:HA) to report sales of $709.31 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Hawaiian’s earnings. The highest sales estimate is $710.00 million and the lowest is $708.61 million. Hawaiian posted sales of $697.47 million in the same quarter last year, which suggests a positive year over year growth rate of 1.7%. The business is expected to issue its next quarterly earnings report on Tuesday, February 4th.
According to Zacks, analysts expect that Hawaiian will report full-year sales of $2.83 billion for the current fiscal year. For the next year, analysts expect that the firm will post sales of $2.89 billion, with estimates ranging from $2.87 billion to $2.91 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Hawaiian.
Hawaiian (NASDAQ:HA) last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.36. The company had revenue of $755.15 million for the quarter, compared to analysts’ expectations of $755.85 million. Hawaiian had a return on equity of 22.23% and a net margin of 7.30%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.91 EPS.
A number of brokerages recently commented on HA. Morgan Stanley boosted their price objective on shares of Hawaiian from $21.00 to $23.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Macquarie set a $27.00 target price on shares of Hawaiian and gave the stock a “hold” rating in a research report on Tuesday, October 15th. ValuEngine raised shares of Hawaiian from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Zacks Investment Research upgraded shares of Hawaiian from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Friday, October 11th. Finally, Deutsche Bank boosted their price target on shares of Hawaiian from $26.00 to $28.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Hawaiian currently has a consensus rating of “Hold” and a consensus target price of $27.64.
Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in shares of Hawaiian by 3.2% during the 3rd quarter. Rhumbline Advisers now owns 152,617 shares of the transportation company’s stock valued at $4,008,000 after acquiring an additional 4,699 shares during the last quarter. California Public Employees Retirement System boosted its position in Hawaiian by 22.3% during the third quarter. California Public Employees Retirement System now owns 108,452 shares of the transportation company’s stock worth $2,848,000 after purchasing an additional 19,797 shares during the period. TD Asset Management Inc. boosted its position in Hawaiian by 3.0% during the second quarter. TD Asset Management Inc. now owns 38,300 shares of the transportation company’s stock worth $1,051,000 after purchasing an additional 1,100 shares during the period. Strs Ohio grew its holdings in Hawaiian by 5.8% during the second quarter. Strs Ohio now owns 32,900 shares of the transportation company’s stock valued at $902,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Hawaiian by 1.0% during the second quarter. Vanguard Group Inc. now owns 4,749,144 shares of the transportation company’s stock valued at $130,269,000 after purchasing an additional 47,872 shares during the last quarter. Institutional investors own 88.64% of the company’s stock.
HA stock opened at $29.92 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $1.39 billion, a P/E ratio of 5.50 and a beta of 1.68. The firm has a 50 day simple moving average of $29.59 and a 200 day simple moving average of $27.11. Hawaiian has a 52 week low of $22.84 and a 52 week high of $34.15.
The company also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.12 dividend. The ex-dividend date was Thursday, November 14th. Hawaiian’s dividend payout ratio is currently 8.82%.
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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