Equities analysts expect that Hawaiian Holdings, Inc. (NASDAQ:HA) will post $657.56 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Hawaiian’s earnings. The highest sales estimate is $672.00 million and the lowest is $649.67 million. Hawaiian posted sales of $665.41 million in the same quarter last year, which would indicate a negative year over year growth rate of 1.2%. The company is expected to issue its next quarterly earnings results on Tuesday, April 23rd.
On average, analysts expect that Hawaiian will report full-year sales of $2.84 billion for the current financial year, with estimates ranging from $2.80 billion to $2.87 billion. For the next year, analysts expect that the business will post sales of $2.96 billion, with estimates ranging from $2.86 billion to $3.05 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hawaiian.
Hawaiian (NASDAQ:HA) last announced its quarterly earnings data on Tuesday, January 29th. The transportation company reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. The business had revenue of $697.50 million for the quarter, compared to analyst estimates of $700.19 million. Hawaiian had a net margin of 8.22% and a return on equity of 30.10%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share.
Several analysts have commented on the stock. Imperial Capital lowered their price objective on shares of Hawaiian from $59.00 to $49.00 and set an “outperform” rating on the stock in a research report on Monday, December 10th. They noted that the move was a valuation call. BidaskClub lowered shares of Hawaiian from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. Wolfe Research lowered shares of Hawaiian from an “outperform” rating to a “market perform” rating in a research report on Friday, December 7th. ValuEngine lowered shares of Hawaiian from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 6th. Finally, Citigroup lowered their price objective on shares of Hawaiian from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, December 6th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.09.
Shares of HA stock opened at $30.73 on Thursday. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 5.65 and a beta of 1.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 0.82. Hawaiian has a 52 week low of $24.81 and a 52 week high of $44.25.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Friday, February 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, February 7th. Hawaiian’s dividend payout ratio (DPR) is currently 8.82%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Westside Investment Management Inc. grew its stake in Hawaiian by 316.7% during the fourth quarter. Westside Investment Management Inc. now owns 2,500 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 1,900 shares in the last quarter. Bell Rock Capital LLC purchased a new position in Hawaiian during the third quarter valued at approximately $122,000. First Hawaiian Bank purchased a new position in Hawaiian during the third quarter valued at approximately $146,000. Cadinha & Co. LLC purchased a new position in Hawaiian during the third quarter valued at approximately $200,000. Finally, Quantamental Technologies LLC purchased a new position in Hawaiian during the fourth quarter valued at approximately $143,000. 87.40% of the stock is currently owned by institutional investors.
Hawaiian Company Profile
Hawaiian Holdings, Inc, through its subsidiary, 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 Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington.
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