Q3 2019 EPS Estimates for Hawaiian Holdings, Inc. Cut by Analyst (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) – Equities research analysts at Imperial Capital cut their Q3 2019 EPS estimates for shares of Hawaiian in a note issued to investors on Thursday, August 1st. Imperial Capital analyst M. Derchin now forecasts that the transportation company will earn $1.21 per share for the quarter, down from their previous estimate of $1.51. Imperial Capital has a “Outperform” rating and a $38.00 price objective on the stock. Imperial Capital also issued estimates for Hawaiian’s Q4 2019 earnings at $0.94 EPS, FY2019 earnings at $4.05 EPS, Q1 2020 earnings at $0.54 EPS, Q2 2020 earnings at $1.41 EPS, Q3 2020 earnings at $1.50 EPS, Q4 2020 earnings at $1.07 EPS and FY2020 earnings at $4.50 EPS.

Hawaiian (NASDAQ:HA) last released its earnings results on Tuesday, July 30th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.19. The business had revenue of $712.19 million for the quarter, compared to analyst estimates of $704.74 million. Hawaiian had a return on equity of 24.26% and a net margin of 7.76%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 earnings per share.

A number of other research analysts have also issued reports on the company. Stifel Nicolaus set a $30.00 target price on Hawaiian and gave the company a “buy” rating in a report on Wednesday, July 31st. Citigroup set a $30.00 target price on Hawaiian and gave the company a “hold” rating in a report on Wednesday, July 31st. BidaskClub lowered Hawaiian from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. ValuEngine lowered Hawaiian from a “sell” rating to a “strong sell” rating in a report on Tuesday. Finally, Cowen reissued a “market perform” rating and issued a $29.00 target price (down previously from $31.00) on shares of Hawaiian in a report on Wednesday, July 31st. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $29.89.

NASDAQ:HA opened at $25.62 on Monday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 4.71 and a beta of 1.80. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50 day moving average of $27.03. Hawaiian has a 12-month low of $24.24 and a 12-month high of $44.25.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, August 15th. Hawaiian’s dividend payout ratio is presently 8.82%.

A number of hedge funds have recently made changes to their positions in HA. Rhumbline Advisers boosted its position in Hawaiian by 0.3% during the first quarter. Rhumbline Advisers now owns 147,274 shares of the transportation company’s stock worth $3,866,000 after purchasing an additional 406 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its position in Hawaiian by 4.0% during the first quarter. Piedmont Investment Advisors Inc. now owns 12,226 shares of the transportation company’s stock worth $321,000 after purchasing an additional 475 shares in the last quarter. Janus Henderson Group PLC boosted its position in Hawaiian by 5.7% during the second quarter. Janus Henderson Group PLC now owns 9,272 shares of the transportation company’s stock worth $254,000 after purchasing an additional 497 shares in the last quarter. Texas Permanent School Fund boosted its position in Hawaiian by 1.7% during the first quarter. Texas Permanent School Fund now owns 32,878 shares of the transportation company’s stock worth $863,000 after purchasing an additional 549 shares in the last quarter. Finally, First Mercantile Trust Co. boosted its position in Hawaiian by 8.5% during the first quarter. First Mercantile Trust Co. now owns 9,685 shares of the transportation company’s stock worth $254,000 after purchasing an additional 761 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

About Hawaiian

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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Earnings History and Estimates for Hawaiian (NASDAQ:HA)

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