Analysts expect Hawaiian Holdings, Inc. (NASDAQ:HA) to post sales of $734.85 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Hawaiian’s earnings. The lowest sales estimate is $732.60 million and the highest is $739.00 million. Hawaiian posted sales of $759.09 million in the same quarter last year, which suggests a negative year-over-year growth rate of 3.2%. The firm is expected to issue its next quarterly earnings results on Tuesday, October 22nd.
According to Zacks, analysts expect that Hawaiian will report full year sales of $2.81 billion for the current year, with estimates ranging from $2.80 billion to $2.81 billion. For the next financial year, analysts expect that the company will post sales of $2.92 billion, with estimates ranging from $2.84 billion to $3.01 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Hawaiian.
Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.19. Hawaiian had a return on equity of 24.26% and a net margin of 7.76%. The firm had revenue of $712.19 million during the quarter, compared to analysts’ expectations of $704.74 million. During the same quarter in the prior year, the business earned $1.44 EPS. Hawaiian’s quarterly revenue was down .5% compared to the same quarter last year.
Several equities research analysts recently issued reports on HA shares. Cowen reissued a “market perform” rating and set a $29.00 price target (down from $31.00) on shares of Hawaiian in a research report on Wednesday, July 31st. Macquarie lowered Hawaiian from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $35.00 to $29.00 in a research report on Monday, July 29th. Citigroup set a $30.00 price target on Hawaiian and gave the company a “hold” rating in a research report on Wednesday, July 31st. BidaskClub lowered Hawaiian from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Buckingham Research dropped their price target on Hawaiian from $33.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $28.78.
A number of hedge funds have recently made changes to their positions in HA. Valeo Financial Advisors LLC acquired a new position in shares of Hawaiian in the 1st quarter valued at $37,000. Quantamental Technologies LLC acquired a new position in shares of Hawaiian in the 2nd quarter valued at $65,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Hawaiian in the 1st quarter valued at $81,000. Winslow Asset Management Inc. acquired a new position in shares of Hawaiian in the 2nd quarter valued at $205,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Hawaiian in the 1st quarter valued at $216,000. 91.98% of the stock is owned by institutional investors and hedge funds.
Shares of HA traded down $1.32 during trading on Friday, reaching $24.10. The company’s stock had a trading volume of 1,600,908 shares, compared to its average volume of 769,372. The company has a fifty day moving average of $26.64 and a two-hundred day moving average of $27.39. Hawaiian has a twelve month low of $22.84 and a twelve month high of $43.60. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 4.43 and a beta of 1.80. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.98.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a $0.12 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 1.99%. Hawaiian’s payout ratio is 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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