Seaport Res Ptn Analysts Lift Earnings Estimates for Hawaiian Holdings, Inc. (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) – Stock analysts at Seaport Res Ptn boosted their Q2 2024 earnings per share estimates for Hawaiian in a note issued to investors on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will earn ($0.35) per share for the quarter, up from their previous estimate of ($0.60). The consensus estimate for Hawaiian’s current full-year earnings is ($3.77) per share. Seaport Res Ptn also issued estimates for Hawaiian’s Q3 2024 earnings at $0.00 EPS, FY2024 earnings at ($3.40) EPS and FY2025 earnings at $0.75 EPS.

Hawaiian Stock Down 2.0 %

HA opened at $12.99 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 16.74. The firm has a market cap of $673.53 million, a P/E ratio of -2.57 and a beta of 2.39. Hawaiian has a 52 week low of $3.70 and a 52 week high of $14.89. The business’s fifty day simple moving average is $13.64 and its 200 day simple moving average is $10.94.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($2.37) EPS for the quarter, missing analysts’ consensus estimates of ($2.35) by ($0.02). The company had revenue of $669.07 million for the quarter, compared to analyst estimates of $668.97 million. Hawaiian had a negative net margin of 9.59% and a negative return on equity of 171.49%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.49) EPS.

Hedge Funds Weigh In On Hawaiian

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its holdings in shares of Hawaiian by 0.6% in the 1st quarter. Rhumbline Advisers now owns 146,222 shares of the transportation company’s stock worth $2,881,000 after purchasing an additional 943 shares during the period. Captrust Financial Advisors raised its holdings in shares of Hawaiian by 70.1% in the 1st quarter. Captrust Financial Advisors now owns 3,641 shares of the transportation company’s stock worth $72,000 after purchasing an additional 1,500 shares during the period. ExodusPoint Capital Management LP raised its holdings in shares of Hawaiian by 2.9% in the 4th quarter. ExodusPoint Capital Management LP now owns 53,465 shares of the transportation company’s stock worth $549,000 after purchasing an additional 1,520 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Hawaiian by 7.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,654 shares of the transportation company’s stock worth $233,000 after purchasing an additional 1,585 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Hawaiian by 6.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,890 shares of the transportation company’s stock worth $247,000 after purchasing an additional 1,636 shares during the period. 70.15% of the stock is currently owned by hedge funds and other institutional investors.

About Hawaiian

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. It provides daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Ontario, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; New York City, New York; Austin, Texas; and Boston, Massachusetts.