Imperial Capital Weighs in on Hawaiian Holdings, Inc.’s Q4 2018 Earnings (HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) – Investment analysts at Imperial Capital lifted their Q4 2018 earnings per share (EPS) estimates for Hawaiian in a research note issued on Tuesday, April 10th. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings per share of $1.52 for the quarter, up from their prior forecast of $1.51. Imperial Capital has a “Outperform” rating and a $80.00 price target on the stock.

Hawaiian (NASDAQ:HA) last posted its 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 the consensus estimate of $686.00 million. Hawaiian had a return on equity of 36.52% and a net margin of 13.51%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS.



A number of other research analysts also recently commented on the company. Morgan Stanley increased their target price on Hawaiian from $38.00 to $41.00 and gave the company a “sell” rating in a research report on Friday, April 6th. BidaskClub upgraded Hawaiian from a “sell” rating to a “hold” rating in a research report on Friday, March 30th. Sidoti upgraded Hawaiian from a “neutral” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Thursday, March 8th. ValuEngine downgraded Hawaiian from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus raised their price target on Hawaiian from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $49.33.

NASDAQ HA opened at $38.50 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.53. The company has a market cap of $1,970.29, a PE ratio of 6.81 and a beta of 1.50. Hawaiian has a one year low of $32.40 and a one year high of $59.45.

Large investors have recently added to or reduced their stakes in the company. Elkfork Partners LLC bought a new stake in shares of Hawaiian during the fourth quarter worth $199,000. First Mercantile Trust Co. lifted its position in shares of Hawaiian by 90.1% during the fourth quarter. First Mercantile Trust Co. now owns 5,427 shares of the transportation company’s stock worth $216,000 after purchasing an additional 2,572 shares during the last quarter. Flinton Capital Management LLC lifted its position in shares of Hawaiian by 28.2% during the fourth quarter. Flinton Capital Management LLC now owns 6,356 shares of the transportation company’s stock worth $253,000 after purchasing an additional 1,400 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of Hawaiian during the fourth quarter worth $259,000. Finally, Eqis Capital Management Inc. lifted its position in shares of Hawaiian by 27.2% during the fourth quarter. Eqis Capital Management Inc. now owns 7,751 shares of the transportation company’s stock worth $309,000 after purchasing an additional 1,657 shares during the last quarter. Institutional investors and hedge funds own 90.09% of the company’s stock.

In related news, Director Donald J. Carty purchased 5,000 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was bought at an average cost of $37.79 per share, for a total transaction of $188,950.00. Following the completion of the transaction, the director now directly owns 18,675 shares in the company, valued at $705,728.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by company insiders.

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Hawaiian Company Profile

Hawaiian Holdings, Inc operates as a holding company for Hawaiian Airlines, Inc The company through its subsidiary Hawaiian Airlines, Inc is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands between the Hawaiian Islands and certain cities in the United States, and between the Hawaiian Islands and the South Pacific, Australia and Asia.

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