Hawaiian Holdings, Inc. (NASDAQ:HA) has been given a consensus rating of “Hold” by the fourteen analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $48.80.
A number of brokerages have recently issued reports on HA. ValuEngine upgraded shares of Hawaiian from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. BidaskClub upgraded shares of Hawaiian from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Buckingham Research restated a “buy” rating on shares of Hawaiian in a research note on Thursday, November 23rd. Stifel Nicolaus restated a “hold” rating and issued a $40.00 price objective on shares of Hawaiian in a research note on Tuesday, October 24th. Finally, Imperial Capital increased their price objective on shares of Hawaiian from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th.
Several institutional investors and hedge funds have recently bought and sold shares of HA. FNY Managed Accounts LLC bought a new stake in Hawaiian during the 3rd quarter worth about $152,000. First Mercantile Trust Co. grew its holdings in Hawaiian by 90.1% during the 4th quarter. First Mercantile Trust Co. now owns 5,427 shares of the transportation company’s stock worth $216,000 after acquiring an additional 2,572 shares during the last quarter. First Hawaiian Bank bought a new stake in Hawaiian during the 3rd quarter worth about $224,000. Flinton Capital Management LLC grew its holdings in Hawaiian by 28.2% during the 4th quarter. Flinton Capital Management LLC now owns 6,356 shares of the transportation company’s stock worth $253,000 after acquiring an additional 1,400 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in Hawaiian during the 4th quarter worth about $259,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.
Hawaiian (NASDAQ HA) opened at $37.35 on Wednesday. Hawaiian has a one year low of $32.40 and a one year high of $59.45. The stock has a market cap of $1,983.12, a price-to-earnings ratio of 5.45, a PEG ratio of 3.28 and a beta of 1.54. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.53.
Hawaiian (NASDAQ:HA) last announced its quarterly earnings data on Monday, January 29th. The transportation company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Hawaiian had a net margin of 13.51% and a return on equity of 36.52%. The company had revenue of $686.50 million during the quarter, compared to analysts’ expectations of $686.00 million. During the same quarter in the prior year, the company posted $1.28 EPS. The business’s revenue was up 8.5% on a year-over-year basis. sell-side analysts forecast that Hawaiian will post 5.21 earnings per share for the current year.
Hawaiian announced that its board has authorized a stock buyback program on Tuesday, December 5th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, February 13th. Hawaiian’s payout ratio is 7.01%.
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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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