Hawaiian (NASDAQ:HA) Issues Earnings Results, Misses Expectations By $0.02 EPS

Hawaiian (NASDAQ:HA) announced its quarterly earnings data on Tuesday. The transportation company reported ($2.77) EPS for the quarter, missing analysts’ consensus estimates of ($2.75) by ($0.02), Briefing.com reports. The firm had revenue of $645.57 million during the quarter, compared to analyst estimates of $629.24 million. Hawaiian had a negative return on equity of 207.99% and a negative net margin of 10.90%. Hawaiian’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.17) earnings per share.

Hawaiian Stock Down 3.7 %

Hawaiian stock opened at $12.42 on Thursday. Hawaiian has a 1 year low of $3.70 and a 1 year high of $14.89. The business has a 50-day moving average of $13.58 and a 200-day moving average of $11.17. The company has a debt-to-equity ratio of 16.74, a quick ratio of 1.02 and a current ratio of 1.02.

Analysts Set New Price Targets

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

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.