Wall Street brokerages forecast that Hawaiian Holdings, Inc. (NASDAQ:HA) will announce earnings per share (EPS) of $0.65 for the current quarter, Zacks reports. Three analysts have made estimates for Hawaiian’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.73. Hawaiian reported earnings of $1.04 per share during the same quarter last year, which would indicate a negative year over year growth rate of 37.5%. The firm is expected to announce its next earnings results on Thursday, April 19th.
According to Zacks, analysts expect that Hawaiian will report full-year earnings of $5.21 per share for the current year, with EPS estimates ranging from $4.55 to $6.80. For the next fiscal year, analysts anticipate that the company will post earnings of $5.23 per share, with EPS estimates ranging from $3.22 to $8.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Hawaiian.
Hawaiian (NASDAQ:HA) last announced its quarterly earnings results on Monday, January 29th. The transportation company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. The firm had revenue of $686.50 million during the quarter, compared to analysts’ expectations of $686.00 million. Hawaiian had a net margin of 13.51% and a return on equity of 36.52%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 earnings per share.
A number of analysts have recently issued reports on HA shares. Stifel Nicolaus restated a “hold” rating and set a $40.00 target price on shares of Hawaiian in a research note on Tuesday, October 24th. BidaskClub cut shares of Hawaiian from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 28th. Zacks Investment Research upgraded shares of Hawaiian from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Imperial Capital raised their target price on shares of Hawaiian from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Finally, Buckingham Research upgraded shares of Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $48.36.
Shares of Hawaiian (NASDAQ:HA) traded up $0.60 during mid-day trading on Monday, reaching $38.65. 901,115 shares of the company’s stock were exchanged, compared to its average volume of 1,140,000. The firm has a market capitalization of $2,030.00, a PE ratio of 7.94, a P/E/G ratio of 3.28 and a beta of 1.54. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.53. Hawaiian has a 12-month low of $32.40 and a 12-month high of $59.45.
Hawaiian declared that its board has approved a stock repurchase plan on Tuesday, December 5th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, February 13th. Hawaiian’s dividend payout ratio is currently 9.86%.
Hedge funds have recently added to or reduced their stakes in the business. FNY Managed Accounts LLC bought a new stake in shares of Hawaiian during the 3rd quarter valued at approximately $152,000. First Mercantile Trust Co. grew its holdings in shares of Hawaiian by 90.1% during the 4th quarter. First Mercantile Trust Co. now owns 5,427 shares of the transportation company’s stock valued at $216,000 after purchasing an additional 2,572 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of Hawaiian during the 3rd quarter valued at approximately $224,000. Flinton Capital Management LLC grew its holdings in shares of Hawaiian by 28.2% during the 4th quarter. Flinton Capital Management LLC now owns 6,356 shares of the transportation company’s stock valued at $253,000 after purchasing an additional 1,400 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Hawaiian during the 4th quarter valued at approximately $259,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.
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Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands (the Neighbor Island routes), between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as its Scheduled Operations.
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