Hawaiian Holdings, Inc. (NASDAQ:HA – Get Rating) – Seaport Res Ptn raised their Q4 2023 earnings per share (EPS) estimates for Hawaiian in a report issued on Wednesday, February 1st. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings of $0.15 per share for the quarter, up from their previous estimate of $0.10. The consensus estimate for Hawaiian's current full-year earnings is $0.03 per share.
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Hawaiian (NASDAQ:HA – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The transportation company reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.71) by $0.22. The firm had revenue of $731.00 million for the quarter, compared to analysts' expectations of $733.06 million. Hawaiian had a negative return on equity of 55.10% and a negative net margin of 8.29%. Hawaiian's revenue for the quarter was up 47.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.37) earnings per share.
Other equities analysts have also issued reports about the company. Cowen decreased their price objective on Hawaiian to $19.00 in a report on Thursday, October 27th. Cowen decreased their price objective on Hawaiian from $19.00 to $16.00 and set a "market perform" rating for the company in a report on Wednesday. Bank of America cut their target price on Hawaiian from $12.00 to $10.00 and set an "underperform" rating for the company in a research report on Thursday, October 6th. Deutsche Bank Aktiengesellschaft cut their target price on Hawaiian from $17.00 to $13.00 in a research report on Tuesday, December 20th. Finally, StockNews.com upgraded Hawaiian from a "sell" rating to a "hold" rating in a research report on Thursday, October 27th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $14.00.
Hawaiian Stock Up 3.7 %
NASDAQ:HA opened at $11.46 on Thursday. The firm has a market capitalization of $589.16 million, a PE ratio of -2.68 and a beta of 1.90. The stock has a 50 day moving average of $12.04 and a 200-day moving average of $13.87. Hawaiian has a 52 week low of $9.64 and a 52 week high of $21.71. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 4.76.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA lifted its stake in Hawaiian by 88.3% during the second quarter. BNP Paribas Arbitrage SA now owns 90,742 shares of the transportation company's stock worth $1,299,000 after purchasing an additional 42,552 shares during the period. Versor Investments LP lifted its stake in Hawaiian by 80.0% during the second quarter. Versor Investments LP now owns 35,731 shares of the transportation company's stock worth $511,000 after purchasing an additional 15,880 shares during the period. GMT Capital Corp increased its holdings in shares of Hawaiian by 665.8% during the second quarter. GMT Capital Corp now owns 480,950 shares of the transportation company's stock worth $6,882,000 after buying an additional 418,150 shares in the last quarter. KBC Group NV acquired a new stake in shares of Hawaiian during the second quarter worth approximately $64,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Hawaiian during the third quarter worth approximately $323,000. Institutional investors own 79.09% of the company's stock.
Insider Activity
In other news, COO Jonathan D. Snook sold 3,600 shares of the firm's stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $14.03, for a total value of $50,508.00. Following the sale, the chief operating officer now directly owns 141,589 shares of the company's stock, valued at $1,986,493.67. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO Jonathan D. Snook sold 3,600 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $14.03, for a total value of $50,508.00. Following the completion of the sale, the chief operating officer now owns 141,589 shares in the company, valued at $1,986,493.67. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard N. Zwern sold 7,740 shares of the stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $14.02, for a total transaction of $108,514.80. Following the completion of the sale, the director now owns 52,340 shares of the company's stock, valued at approximately $733,806.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,340 shares of company stock valued at $235,073. 2.20% of the stock is owned by insiders.
About Hawaiian
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Hawaiian Holdings, Inc is a holding company engaged in the provision of air transportation services. It offers cargo handling and passenger flights between the Hawaiian Islands and its neighbor island routes. The company was founded on January 30, 1929 and is headquartered in Honolulu, HI.
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