Hawaiian Holdings, Inc. (NASDAQ:HA) Expected to Post Quarterly Sales of $709.31 Million

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Wall Street brokerages expect Hawaiian Holdings, Inc. (NASDAQ:HA) to post sales of $709.31 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Hawaiian’s earnings, with the lowest sales estimate coming in at $708.61 million and the highest estimate coming in at $710.00 million. Hawaiian reported sales of $697.47 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.7%. The company is expected to announce its next quarterly earnings report on Tuesday, February 4th.

On average, analysts expect that Hawaiian will report full-year sales of $2.83 billion for the current financial year. For the next financial year, analysts anticipate that the company will post sales of $2.89 billion, with estimates ranging from $2.87 billion to $2.91 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Hawaiian.

Hawaiian (NASDAQ:HA) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.36. The business had revenue of $755.15 million during the quarter, compared to analysts’ expectations of $755.85 million. Hawaiian had a return on equity of 22.23% and a net margin of 7.30%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 EPS.

Several research firms have recently issued reports on HA. ValuEngine raised Hawaiian from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Susquehanna Bancshares began coverage on Hawaiian in a research report on Tuesday, November 19th. They set a “neutral” rating and a $27.00 price objective for the company. Deutsche Bank upped their price objective on Hawaiian from $26.00 to $28.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Zacks Investment Research raised Hawaiian from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Friday, October 11th. Finally, Stifel Nicolaus cut Hawaiian from a “buy” rating to a “sell” rating and decreased their target price for the company from $30.00 to $20.00 in a research report on Tuesday, August 20th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $27.64.

Shares of NASDAQ:HA traded down $0.58 on Friday, hitting $29.54. 339,960 shares of the company’s stock were exchanged, compared to its average volume of 414,517. The firm’s 50-day moving average is $29.69 and its 200 day moving average is $27.23. The company has a market capitalization of $1.40 billion, a PE ratio of 5.43 and a beta of 1.68. Hawaiian has a 1-year low of $22.84 and a 1-year high of $34.15. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.87 and a current ratio of 0.87.

The company also recently announced a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.12 dividend. The ex-dividend date was Thursday, November 14th. Hawaiian’s dividend payout ratio (DPR) is presently 8.82%.

Several hedge funds and other institutional investors have recently made changes to their positions in HA. FMR LLC boosted its position in shares of Hawaiian by 7.7% in the 1st quarter. FMR LLC now owns 97,486 shares of the transportation company’s stock valued at $2,559,000 after purchasing an additional 6,976 shares during the period. First Trust Advisors LP boosted its position in shares of Hawaiian by 22.5% in the 1st quarter. First Trust Advisors LP now owns 82,567 shares of the transportation company’s stock valued at $2,167,000 after purchasing an additional 15,162 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Hawaiian in the 1st quarter valued at about $81,000. Strs Ohio boosted its position in shares of Hawaiian by 5.8% in the 2nd quarter. Strs Ohio now owns 32,900 shares of the transportation company’s stock valued at $902,000 after purchasing an additional 1,800 shares during the period. Finally, Aperio Group LLC boosted its position in shares of Hawaiian by 66.2% in the 2nd quarter. Aperio Group LLC now owns 19,264 shares of the transportation company’s stock valued at $528,000 after purchasing an additional 7,670 shares during the period. 88.63% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Company Profile

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.

See Also: Why Net Income is Important to Investors

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Earnings History and Estimates for Hawaiian (NASDAQ:HA)

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