$709.31 Million in Sales Expected for Hawaiian Holdings, Inc. (NASDAQ:HA) This Quarter

Wall Street brokerages forecast that Hawaiian Holdings, Inc. (NASDAQ:HA) will announce sales of $709.31 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Hawaiian’s earnings. The highest sales estimate is $710.00 million and the lowest is $708.61 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 business is expected to issue 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 fiscal year. For the next year, analysts expect that the company will report sales of $2.89 billion, with estimates ranging from $2.87 billion to $2.91 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Hawaiian.

Hawaiian (NASDAQ:HA) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.36. Hawaiian had a return on equity of 22.23% and a net margin of 7.30%. The company had revenue of $755.15 million during the quarter, compared to analyst estimates of $755.85 million. During the same period last year, the company posted $1.91 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year.

HA has been the subject of a number of research reports. Stifel Nicolaus lowered Hawaiian from a “buy” rating to a “sell” rating and lowered their target price for the company from $30.00 to $20.00 in a research note on Tuesday, August 20th. BidaskClub lowered Hawaiian from a “buy” rating to a “hold” rating in a research note on Friday. Bank of America raised their target price on Hawaiian from $23.00 to $25.00 and gave the company an “underperform” rating in a research note on Tuesday, October 8th. Macquarie set a $27.00 target price on Hawaiian and gave the company a “hold” rating in a research note on Tuesday, October 15th. Finally, Cowen lowered their target price on Hawaiian from $29.00 to $28.00 and set a “market perform” rating for the company in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $27.64.

Shares of NASDAQ:HA traded down $0.58 during midday trading on Friday, reaching $29.54. The company’s stock had a trading volume of 339,960 shares, compared to its average volume of 414,517. Hawaiian has a fifty-two week low of $22.84 and a fifty-two week high of $34.15. The company has a market capitalization of $1.40 billion, a P/E ratio of 5.43 and a beta of 1.68. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.87 and a quick ratio of 0.87. The business’s fifty day simple moving average is $29.69 and its 200-day simple moving average is $27.23.

The company also recently disclosed 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 payout ratio is 8.82%.

A number of hedge funds have recently made changes to their positions in the stock. Morgan Stanley grew its position in shares of Hawaiian by 738.7% during the 2nd quarter. Morgan Stanley now owns 221,068 shares of the transportation company’s stock worth $6,063,000 after buying an additional 194,711 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Hawaiian during the 2nd quarter worth about $5,304,000. Prudential Financial Inc. grew its position in shares of Hawaiian by 61.3% during the 2nd quarter. Prudential Financial Inc. now owns 400,926 shares of the transportation company’s stock worth $10,997,000 after buying an additional 152,300 shares during the period. Congress Asset Management Co. MA grew its position in shares of Hawaiian by 132.7% during the 2nd quarter. Congress Asset Management Co. MA now owns 191,675 shares of the transportation company’s stock worth $5,258,000 after buying an additional 109,300 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in shares of Hawaiian by 35.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 248,770 shares of the transportation company’s stock worth $6,824,000 after buying an additional 64,600 shares during the period. Hedge funds and other institutional investors own 88.63% of the company’s stock.

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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