Hawaiian Holdings, Inc. (NASDAQ:HA) – Investment analysts at Imperial Capital reduced their Q1 2019 EPS estimates for shares of Hawaiian in a research report issued to clients and investors on Wednesday, January 9th. Imperial Capital analyst M. Derchin now forecasts that the transportation company will earn $0.95 per share for the quarter, down from their prior forecast of $0.99. Imperial Capital currently has a “Outperform” rating and a $40.00 target price on the stock. Imperial Capital also issued estimates for Hawaiian’s Q2 2019 earnings at $1.62 EPS.
Several other research analysts also recently commented on the company. ValuEngine upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a report on Saturday, October 27th. Cowen decreased their price objective on Hawaiian from $41.00 to $39.00 and set a “market perform” rating on the stock in a report on Tuesday, October 9th. Deutsche Bank decreased their price objective on Hawaiian from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, October 10th. Macquarie set a $45.00 price objective on Hawaiian and gave the stock a “buy” rating in a report on Wednesday, October 24th. Finally, BidaskClub upgraded Hawaiian from a “sell” rating to a “hold” rating in a report on Saturday, September 29th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $41.00.
Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $1.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.17. Hawaiian had a return on equity of 30.56% and a net margin of 13.22%. The business had revenue of $759.10 million for the quarter, compared to the consensus estimate of $762.00 million. During the same quarter last year, the business posted $1.92 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its position in Hawaiian by 1.2% during the 3rd quarter. Teachers Advisors LLC now owns 98,264 shares of the transportation company’s stock valued at $3,940,000 after acquiring an additional 1,204 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Hawaiian by 12.8% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,113 shares of the transportation company’s stock worth $486,000 after purchasing an additional 1,373 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Hawaiian by 23.8% in the 3rd quarter. Riverhead Capital Management LLC now owns 8,334 shares of the transportation company’s stock worth $334,000 after purchasing an additional 1,600 shares in the last quarter. Summit Global Investments boosted its position in shares of Hawaiian by 9.7% in the 3rd quarter. Summit Global Investments now owns 19,200 shares of the transportation company’s stock worth $770,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Hawaiian by 1.9% in the 2nd quarter. Raymond James & Associates now owns 118,066 shares of the transportation company’s stock worth $4,245,000 after purchasing an additional 2,197 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors.
Hawaiian Company Profile
Hawaiian Holdings, Inc, through its subsidiary, 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 Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington.
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