Imperial Capital Analysts Lower Earnings Estimates for Hawaiian Holdings, Inc. (HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) – Research analysts at Imperial Capital cut their Q2 2018 EPS estimates for shares of Hawaiian in a note issued to investors on Wednesday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings of $1.56 per share for the quarter, down from their previous forecast of $1.63. Imperial Capital currently has a “Outperform” rating and a $74.00 target price on the stock. Imperial Capital also issued estimates for Hawaiian’s Q3 2018 earnings at $2.18 EPS.

Other analysts have also issued reports about the stock. Buckingham Research reissued a “buy” rating on shares of Hawaiian in a research note on Thursday, November 23rd. Cowen cut their target price on shares of Hawaiian from $47.00 to $43.00 and set a “market perform” rating for the company in a research note on Friday, October 13th. Argus reissued a “hold” rating and set a $61.00 target price on shares of Hawaiian in a research note on Thursday. BidaskClub raised shares of Hawaiian from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, ValuEngine raised shares of Hawaiian from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Hawaiian has a consensus rating of “Hold” and an average price target of $47.58.

Shares of Hawaiian (NASDAQ HA) opened at $38.75 on Friday. The firm has a market cap of $2,030.00, a P/E ratio of 10.76, a PEG ratio of 3.75 and a beta of 1.52. Hawaiian has a one year low of $32.40 and a one year high of $59.45. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.53.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. The company had revenue of $719.56 million during the quarter, compared to analyst estimates of $721.00 million. Hawaiian had a net margin of 7.67% and a return on equity of 41.49%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.91 EPS.

Hawaiian announced that its Board of Directors has approved a stock buyback plan on Tuesday, December 5th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Large investors have recently modified their holdings of the stock. FNY Managed Accounts LLC purchased a new stake in shares of Hawaiian in the 3rd quarter valued at approximately $152,000. Riverhead Capital Management LLC lifted its position in shares of Hawaiian by 83.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock valued at $189,000 after acquiring an additional 1,828 shares in the last quarter. Flinton Capital Management LLC lifted its position in shares of Hawaiian by 80.9% in the 2nd quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock valued at $212,000 after acquiring an additional 2,016 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of Hawaiian in the 3rd quarter valued at approximately $224,000. Finally, SG Americas Securities LLC lifted its position in shares of Hawaiian by 49.6% in the 2nd quarter. SG Americas Securities LLC now owns 5,177 shares of the transportation company’s stock valued at $243,000 after acquiring an additional 1,716 shares in the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.

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Hawaiian Company Profile

Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands (the Neighbor Island routes), between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as its Scheduled Operations.

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