Hawaiian Holdings, Inc. to Post Q2 2024 Earnings of ($0.95) Per Share, Seaport Res Ptn Forecasts (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) – Stock analysts at Seaport Res Ptn reduced their Q2 2024 earnings estimates for Hawaiian in a research report issued on Tuesday, April 23rd. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of ($0.95) per share for the quarter, down from their prior forecast of ($0.35). The consensus estimate for Hawaiian’s current full-year earnings is ($4.40) per share. Seaport Res Ptn also issued estimates for Hawaiian’s Q3 2024 earnings at ($0.40) EPS, Q4 2024 earnings at ($0.85) EPS and FY2024 earnings at ($4.95) EPS.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($2.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.75) by ($0.02). The company had revenue of $645.57 million during the quarter, compared to analyst estimates of $629.24 million. Hawaiian had a negative net margin of 10.90% and a negative return on equity of 301.69%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned ($2.17) EPS.

Separately, Susquehanna cut their price target on Hawaiian from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday.

Hawaiian Stock Performance

NASDAQ:HA opened at $12.27 on Friday. Hawaiian has a twelve month low of $3.70 and a twelve month high of $14.89. The company has a market cap of $636.20 million, a P/E ratio of -2.12 and a beta of 2.39. The company has a current ratio of 0.89, a quick ratio of 1.02 and a debt-to-equity ratio of 16.74. The company’s 50-day moving average price is $13.47 and its 200-day moving average price is $11.24.

Institutional Investors Weigh In On Hawaiian

A number of institutional investors have recently made changes to their positions in the stock. Par Capital Management Inc. acquired a new stake in shares of Hawaiian in the fourth quarter valued at $21,584,000. Alpine Associates Management Inc. acquired a new position in Hawaiian in the 4th quarter valued at about $14,964,000. Water Island Capital LLC acquired a new position in Hawaiian in the 4th quarter valued at about $7,953,000. Brandywine Global Investment Management LLC increased its stake in Hawaiian by 1.9% during the third quarter. Brandywine Global Investment Management LLC now owns 233,364 shares of the transportation company’s stock worth $1,477,000 after purchasing an additional 4,400 shares during the period. Finally, Hsbc Holdings PLC lifted its position in shares of Hawaiian by 299.4% during the fourth quarter. Hsbc Holdings PLC now owns 195,979 shares of the transportation company’s stock worth $2,806,000 after purchasing an additional 146,911 shares in the last quarter. 70.15% of the stock is currently owned by institutional investors and hedge funds.

Hawaiian Company Profile

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.